Is a repossession worth the stress?

kwmlondon

Jonesy_McJones wrote: »

Just put the letters back in the post-box marked "Gone away, not known at this address" and job done. Tell any bailiffs that too. You shouldn't have any difficulty with getting credit just because you've moved into a property that had been repossessed.

I've had advice to the contrary from a friend who used to be a conveyancer. She said that you can end up with loads of hassle for months afterwards, but if like Jonesy you would not find that a hassle then you can end up with a bargain. I guess you'd just have to allow for the worse case scenario and be prepared for it, then if it's not that bad you'll be chuffed to bits!

Jonesy_McJones

kwmlondon wrote: »

I've had advice to the contrary from a friend who used to be a conveyancer. She said that you can end up with loads of hassle for months afterwards, but if like Jonesy you would not find that a hassle then you can end up with a bargain. I guess you'd just have to allow for the worse case scenario and be prepared for it, then if it's not that bad you'll be chuffed to bits!

My house was a repossession - been there about three years - no hassle yet! :j

kwmlondon

Jonesy_McJones wrote: »

My house was a repossession - been there about three years - no hassle yet! :j

And there you are, someone took the risk and never had any hassle.

One question though, I've seen images of repossessed places and there's this "do not use" tape all over the kitchen and bathroom and so forth, was that any kind of problem? Always wondered about that.

Jonesy_McJones

kwmlondon wrote: »

And there you are, someone took the risk and never had any hassle.

One question though, I've seen images of repossessed places and there's this "do not use" tape all over the kitchen and bathroom and so forth, was that any kind of problem? Always wondered about that.

All of the services would have been turned off (gas, electricity, water) hence the sticky tape. You can't test it until after completion.

kwmlondon

Jonesy_McJones wrote: »

All of the services would have been turned off (gas, electricity, water) hence the sticky tape. You can't test it until after completion.

I kind of thought that, was it much of a problem getting it reconnected?

THAT would be worth bearing in mind before you moved in!

Jonesy_McJones

kwmlondon wrote: »

I kind of thought that, was it much of a problem getting it reconnected?

THAT would be worth bearing in mind before you moved in!

The water was only turned off at the stopc0ck and the gas & electricity must have only been turned off in the house somewhere (if at all) because I didn't contact anyone to have them turned back on. I had a plumber round on the day I completed and he checked the boiler over - hence how I am sure that all services were available to me on the first day.

However a friend bought a repossession late last year and I vaguely remember her saying that she'd had to contact the utilities to get them back on, so perhaps I was just lucky.

kwmlondon

Jonesy_McJones wrote: »

The water was only turned off at the stopc0ck and the gas & electricity must have only been turned off in the house somewhere (if at all) because I didn't contact anyone to have them turned back on. I had a plumber round on the day I completed and he checked the boiler over - hence how I am sure that all services were available to me on the first day.

However a friend bought a repossession late last year and I vaguely remember her saying that she'd had to contact the utilities to get them back on, so perhaps I was just lucky.

Yes, I think that anyone else should be prepared for having to arrange for getting services reconnected. It could be a nightmare if you've got kids, not very pleasant even without, especially moving in winter. Blimey, no heating or water for a couple of days, best be prepared!

Or you could be blissfully lucky and have an experience like wot you did!