House and car repo question

Doomboy

Hi guys,
Wife and I moved into rented and went BR earlier this month.
I told Northern rock and first plus via telephone that we are giving the house up for repo just before we moved. I keep popping down to the old house to check the mail and we keep getting letters from NR and FP asking us to call them as they can help and stuff....i dont really want to make any calls from our new address so im thinking writing letters to inform them again that we are ok with repo and for them to start proceedure....is there any sort of templates to use to write such letters?

Our car is on hp and the or said she was not interested in it....which would have been great but we are in arrears and have decided to let that too go for repo.....again we are getting demands and defaults thru the post to the old address....i included the car on the BR forms but im worried because of the ORs non interest because its on HP that we will have to pay them something....sorry im well confused......would we have to pay for the car to be picked up?......i dont want to phone them either...is there some template letter for this too?

sorry...just worry

hope this kind of makes sense

So_Sad_Angel

Hi Doomboy

Still waiting for NR to do repo on mine....last paid April 08 !! Have asked them but no joy. Eventually I put it up for sale & got an offer but nothing is happening at the moment. They tell me they will only repo if I & ex-oh sign a form which I will not do.....besides which ex-oh is awol anyway so its a waiting game.

Hope you dont have to wait as long as me. Be interested in template letter though if anyone can help here!

Angiexx

asbestos2008

our house is being repo at the mo, we only defaulted on May 1st, have missed 4 payments. Last letter I had was we had 7 days to cough up or it would be petitioned.

So_Sad_Angel

I`ve worked out my situation. NR have first charge so potentially as long as the arrears are building its no loss to them. The 2nd chargee ( SL Company/Picture) are the ones who are losing out as its their equity (ie diffence between NR growing balance & sale price) that is diminishing all the time.

Angiexx (btw my case is too complicated & would takes pages of explaining)

foxwales

Dear Sir / Madam,

I write to inform you that on the (date), I (Name) & (joint owner name) petitioned for Bankruptcy in (Name of Court) where (name of Judge) granted our petition for Bankruptcy.

Our Bankruptcy case reference number is (case number) and the Official Receiver can be contacted at (contact details) or by telephoning (tel number).

As we are no longer in a financial position of liability for the property at (address of mortgaged property) we wish to surrender the property forthwith and will await your instruction.

As we are no longer in a financial position of liability for the (Car make & model) registration (Reg number) we wish to surrender the vehicle forthwith and will await your instruction.

Yours faithfully

(name)

That should cover everything for you, best of luck.

Doomboy

MANY THANKS So Sad, Asbestos and Foxwales!!!

Foxwales....thats great bud....I will use your template....thank you so much.

fiveyearplan

Whatever you do DO NOT sign anything from either lender. They may say they cannot repo without you signing but they can. They may have to take you to court but just go and explain you are BR.

Doomboy

Ok...I will cheers Five!

pink-lint_2

hi which mortgage co. are yous using as im with abbey and have missed 2 payments and apart from the phone calls which i ignore all i ve heard from them is 1 letter saying they are sending a councillor round.