Repossession

MissDevon

Hi there looking for some advice please.

I am four months in arrears and awaiting repossession proceedings. I initially was advised by CAB to not do a voluntary surrender as this would affect me getting a private let or council house.

I have now managed to arrange housing and move in next month.

I am considering contacting the mortgage company and asking them to just do a voluntary surrender.

Is there anything that I should be aware of when doing this? Is it better to let them take court action etc? I initially planned bankruptcy but am now looking at settling with them possibly so want to keep the shortfall costs to a minimum.

Any advice or experience would be hugely welcomed. Thanks.

Thrugelmir

Court action will simply incur additional costs at your expense. So voluntary is a better option if at all possible.

mrginge

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