Writing to mortgage provider - voluntary repossession

glamb

Hi, does anyone have a link to an example letter that I can send to our mortgage provider asking that they repossess our house?

Many thanks,

shazbo

Hi i dont know how to do a link sorry but this is the letter we sent (not heard back yet but fingers crossed) We sent this towards the end of last year and sent back a set of keys seperately





Current address


Date

account no.

Dear Sirs,

We are writing to inform you that we have given up possession of the property (Property you wish to be repossessed) to yourselves on a voluntary basis. We cannot afford the mortgage payments and have declared ourselves bankrupt due to exceptional financial pressures.

We do not object to any repossession action through the courts.

The property is left in good condition. We have informed the local council that we have left the property empty therefore it is exempt from council tax for 6 months. Following this time period it is exempt without time limit as the dwelling is in the possession of the lender.

Thank you for your assistance; we shall have no further contact with you regarding this situation.

Type name here
DON'T SIGN IT

glamb

Thanks Shazbo, that gives me a great starting point to work from.