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.
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.