BR and BTL Property not yet repossessed and council tax

Figgin

Mypartner and I both went BR in August 2013 and we have a BTL property with TMB.If we rent it out we wouldn’t cover the mortgage and it’s in negative equity sodon’t want to keep it and the OR has said they have disclaimed the property.

Therefore we want TMB torepossess and then we can include the shortfall in our BR but they are stillchasing for arrears payments (we stopped paying the mortgage in Jan 2013). Sowhat do I need to do to make them understand we want them to repossess, I’vealready sent them the ‘stop hassling, we’ve gone bankrupt’ letter?

As we are coming up to the newfinancial year I’m presuming we will be liable for the 2014/2015 council tax ifthey don’t repossess soon, which is an added expense I haven't budgeted for.

CIS

As we are coming up to the newfinancial year I’m presuming we will be liable for the 2014/2015 council tax ifthey don’t repossess soon, which is an added expense I haven't budgeted for.

You remain liable as long as the property is still in your ownership (e.g until the property is sold on) - this is different from having a council tax charge to pay (or not as the case may be).

Until it is re-possessed then you will have a charge to pay unless you qualify for any other council tax discounts/exemptions.

Figgin

So we need to make TMB aware that we want no longer want to keep the property (you'd have thought they'd got the message by now)and wish to do a voluntary surrender.


Does anyone have a template voluntary surrender letter?


TIA
Figgin.