Letter to mortgage lender

Dodger61

Hi Guys,
Has anyone got a letter I could use, when handing the keys back to the mortgage lender. I do not want to say/sign anything I shouldnt.
Thanks everyone

Sunk

Have a look at this post Dodger:

Surrender Of Keys Agreement Form

This form is to be completed by all parties to a mortgage who propose to give us voluntary vacant possession who are surrendering the keys to a mortgaged property in accordance with a court order.

I hereby voluntarily consent to give you vacant possession of the above property.

I confirm that all keys have been provided and that the property is secure, vacant and unfurnished. Should there be any contents remaining, these will be disposed of by you.

If you suffer any loss following the sale of the property, I understand that debt collecting agents or solicitors will be instructed to pursue me and any guarantor/cash depositor to recover the loss. I am also aware that interest will continue to be charged on the outstanding mortgage debt until the property is sold.
I am aware that any life assurance policies that are assigned to you may, at your discretion, be surrendered, and the proceeds used to reduce the debt owing under the mortgage.
I understand that you subscribe to the Council of Mortgage Lenders’ Possession Register. In all cases where possession of the property is given to you, you submit details to this centralised register. I am aware that this may affect my ability to borrow money from other lenders in future years.


http://forums.moneysavingexpert.com/showthread.html?p=11507885



I personally would pen my own agreement form.;)

Dodger61

Thanks Sunk

Waspeze

Might just be me but I probably wouldn't use that template as it seems to admit a lot of liability that may come back and bite you

blind-as-a-bat_2

Waspeze is correct IF your already BR, it would be accepting liabilaty after your BR Date, dont know if it would actually stand up in court, i havnt seen it tested yet, but i wouldnt risk it:rolleyes:

Sunk wrote: »

Have a look at this post Dodger:

Surrender Of Keys Agreement Form

This form is to be completed by all parties to a mortgage who propose to give us voluntary vacant possession who are surrendering the keys to a mortgaged property in accordance with a court order.

I hereby voluntarily consent to give you vacant possession of the above property.

I confirm that all keys have been provided and that the property is secure, vacant and unfurnished. Should there be any contents remaining, these will be disposed of by you.

[STRIKE]If you suffer any loss following the sale of the property, I understand that debt collecting agents or solicitors will be instructed to pursue me and any guarantor/cash depositor to recover the loss. I am also aware that interest will continue to be charged on the outstanding mortgage debt until the property is sold[/STRIKE].
I am aware that any life assurance policies that are assigned to you may, at your discretion, be surrendered, and the proceeds used to reduce the debt owing under the mortgage.these have probebly all ready gone/will go/ be claimed if your BR so this bit may be academic, use at your discretion, personaly i would omitt that too
I understand that you subscribe to the Council of Mortgage Lenders’ Possession Register. In all cases where possession of the property is given to you, you submit details to this centralised register. I am aware that this may affect my ability to borrow money from other lenders in future years.







I personally would pen my own agreement form.;)

Dodger61

Thanks everyone,
Any thoughts on a different letter?

fermi

Scarlett.1974 did a letter here:

http://forums.moneysavingexpert.com/showthread.html?t=715213

As long as you avoid admissions of future liability you should be OK.

maxmycardagain

dear lender

please find enclosed my keys to the property known as "hacienda-that" which i purchased using your "variable" mortgage.

at the time i didnt know "variable" actually meant "only variable upwards"

we have now decided that handing you the keys back and walking away could save our physical and mental health, our marriage and also let the kids have new clothes

i have been sourcing our lads stuff from the local army and navy stores

he has commented how going to school dressed as a japanese admiral has not been easy

please note, we are not liable for any repars, shortfalls, removal of squatters or travellers, roaming dogs, packs of feral ASBO's or falling space shuttle parts.

many thanks

and a very merry christmas to you all

stroppy

Maxmycardigan.....That is outstanding :T
Just wish I had the balls to send it with our keys when we get round to posting them
I nearly p****d myself reading that :rotfl:

GettingHopeful

Hi Dodger,

Am in the same situation, and am going to send mine by speical delivery tomorrow or Sat. I am intending to draft my own letter, as they haven't sent me the forms they wanted me to sign. Am going to put my head round it later on today or tomorrow and will post here, as would welcome your comments/amendments.

Perhaps a combined effort from us both will cover it without comebacks.

Will be in touch - got the electric to sort out first, plus MBNA who are pursuing me with empty threats, and the management agents, then will get down to it, unless totally exhausted by above!

GH xxx

blind-as-a-bat_2

stroppy wrote: »

Maxmycardigan.....That is outstanding :T
Just wish I had the balls to send it with our keys when we get round to posting them
I nearly p****d myself reading that :rotfl:

Go on, send it......you know you want to, and who cares if they take offence:p :rotfl: