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WT71
Starting Member
22 Posts |
 Posted - 21 July 2009 : 09:04:56
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| Has anyone written or seen a template for a voluntary repossession letter that I could send to Northern Rock? Any help would be greatly appreciated. |
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Jane.l
Average Member
511 Posts |
Posted - 21 July 2009 : 10:47:25
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In my experience, NR will only accept the form if its the one they have sent out, DO NOT sign that one, it will have a paragraph in it about you still being liable for shortfall, etc
I told them on the phone of my plans and sent them a letter (they said not to sent any keys as they will change the locks) saying:
I hereby voluntarily surrender the property at xxxx Street to NR, as I will shortly be declaring bankruptcy, any shortfall, mortgage arrears, selling costs and interest, etc will be included in my bankruptcy, blah, blah, blah (something like this)
I have to say, NR took not a blind bit of notice of this, as I had not signed their own forms, they still had to go through the repossession procedure, costing themselves more money, this took 13 months and the house as since sold for a pittance |
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WT71
Starting Member
22 Posts |
Posted - 21 July 2009 : 14:13:14
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Many thanks Jane
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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 21 July 2009 : 15:17:10
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NR really like to spend taxpayers money on pointless legal proceedings to confirm that they can posess, reposess and finally evict you - even though you have probably alrady left some many months earlier.
You can lead a horse to water but you can't make him accept the keys back if they want to be bloody minded.
Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com
Real People ..... Real Debt Solutions |
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Voluntary repossession letter
