[ Post New Message | Post Reply to this One | Send Private Email to Mel | Help ]

Response to voluntary repossession

from Mel (melt1971@hotmail.com)
If you have lots of equity in the property why are you considering a voluntary repossession? Whoever your building society is will charge you interest, estate agents AND valuation fees, plus contractor and locksmith fees. They will also market the property at a level below the norm. If they receive an offer below this figure, they will accept it, just to get it off their hands! All of this will add to your outstanding mortgage and will eat into any profit from equity. Wouldn't it be easier to sell it at auction for a quick sale if that's what you need?

Mel

(posted 7588 days ago)

[ Previous | Next ]