Jump to content

You can now change your notification sounds by going to this link https://www.consumeractiongroup.co.uk/index.php?/&app=soundboard&module=soundboard&controller=managesounds

 

You can find a library of free notification sounds in several places on the Internet. Here's one which has a very large selection https://notificationsounds.com/notification-sounds

 

 

BankFodder BankFodder

 

BankFodder BankFodder


MBK

Mortgage - Arrears - Repossession risk

style="text-align:center;"> Please note that this topic has not had any new posts for the last 602 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

Hello

 

Needing some assistance re mortgage arrears and threat of repossession.

 

The mortgage in question is with Halifax (interest only). I should mention that I am trying to help out my aunt who lives abroad.

 

Having decided to move overseas, my aunt left her property under a letting agency. The bank were aware of the property being rented. Due to poor management of the letting agent, monies were not received in a timely manner and eventually mortgage arrears mounted. To cut a log story short, the property is now under a new estate agent and things are steadily getting better.

 

The mortgage arrears are just over £500 and another payment due shortly. By the end of this month its likely the arrears will be close to £1000. I know this is not an overly large amount, but my aunt is not working and not in a position to find this money.

 

Halifax have written and have indicated they will instruct solicitors to begin legal proceedings to repossess the property if any more payments are missed or if contact is not made.

 

I am aware that Halifax have applied late fees etc and other charges but possibly not enough wipe out the current debt. My main concern is to stop the repossession and wanting to know what is the best course of action?

 

I would be grateful for any suggestions.

 

Many thanks

 

MBK.

Share this post


Link to post
Share on other sites

write to them exactly as you have here.

 

its always better to keep them in the loop


please don't hit Quote...just type we know what we said earlier..

 

if everyone stopped blindly paying DCA's tomorrow

the biggest financial industry in the UK, DCA;s would collapse overnight.

 

 

Share this post


Link to post
Share on other sites

Thanks dx100uk.

 

the bank a letter.

Hopefully they will look at this case favourably and not look to repossess the property.

 

Apart from letters banks send, what other steps do they take to indicate they are in the process of repossession?

 

Are we likely to hear from solicitors?

Don't want to find that my attempts to reason with them is too late if they are already halfway to repossessing the property.

 

The plan is to clear the debt asap and keep all future payments up to date.

 

Thanks

 

MBK

Edited by dx100uk
quote spacing

Share this post


Link to post
Share on other sites

If they instigate repossession...the process....

 

https://www.gov.uk/repossession/before-it-goes-to-court

 

Andy


We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group The National Consumer Service

 

If you want advice on your thread please PM me a link to your thread

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...