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SPT
Starting Member
United Kingdom
38 Posts |
 Posted - 06 November 2008 : 20:32:14
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Hi Guys
Missed 1st Mortgage payment on Monday - How long till they kick us out! Rental lined up for Feb will we make it? can anyone advise on repossesion timescales
Regards
Steve
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 06 November 2008 : 20:34:53
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Hi there,
I would say you should be fine, they usually start to get in touch about court etc after month 3, then it may go to court and you have a chance to make an offer to repay obviously you wont be so then they will have another 8 weeks or so to instigate reposession proceedings, so i would say you would be fine.
Hope that helps
Jo
Your Forum Moderator
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For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Jo's Links and added info on Bankruptcy!
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
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SPT
Starting Member
United Kingdom
38 Posts |
Posted - 06 November 2008 : 20:50:42
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Thanks Jo
Another one that I have been meaning to ask! Do i need to bring utility bills up to date/increase DD ready for repo day or is any debt wiped?
Many thanks
Steve |
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kazy1
Junior Member
United Kingdom
120 Posts |
Posted - 06 November 2008 : 20:51:05
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Hi I think from start to finish it was about 6 months to get the house repossessed that was with northern rock.
Kazy1xxxx |
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kazy1
Junior Member
United Kingdom
120 Posts |
Posted - 06 November 2008 : 20:53:39
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| Hi spt do ypu mean if you BR? |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 06 November 2008 : 20:55:44
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Hi Steve
You really need to continue paying your utilities where you can. I know that you dont want to pay your mortgage but i would keep up with the main utilities up to and including BR.
I hope that is the answer you wanted to hear.
Take care
Jo
Your Forum Moderator
x
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Jo's Links and added info on Bankruptcy!
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
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SPT
Starting Member
United Kingdom
38 Posts |
Posted - 06 November 2008 : 20:57:07
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| we are going BR but not until we have moved, working on March (ish) in the mean time we owe Gas & Leccy around £300...Do I need to increae the DD prior to going BR to repay what we owe? |
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kazy1
Junior Member
United Kingdom
120 Posts |
Posted - 06 November 2008 : 20:57:55
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If its just repo, all i did was carry on as normal then when i moved just carried it over but as i went BR i put those into the BR.
As far as any debt to you mean the outstanding mortgage? If the house is sold for less then there will be a shortfall which you will be liable for but obviously if you go BR that gets put in also.
Kazy1xxxxxxxxxx |
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John
New Member
United Kingdom
73 Posts |
Posted - 06 November 2008 : 21:01:15
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Hi
the downside of including utility bills from your current property when you go BR is that if the same suppliers supply the rental you would need to arrange a change as they are unlikely to want to continue with your account.
www.Bankruptcyhelp.org.uk
0800 078 9367 |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 06 November 2008 : 21:01:40
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Hi Steve
If the gas and leccy co are happy with the payments your making then continue and just include in your SoA that you will fill in for the BR.
Make sure that any shortfall is written on their also in the secured and unsecured sections so that you dont become liable.
Best of luck, time will fly by now you have a plan in place.
Jo
Your Forum Moderator
x
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Jo's Links and added info on Bankruptcy!
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
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kazy1
Junior Member
United Kingdom
120 Posts |
Posted - 06 November 2008 : 21:02:09
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I agree Jo as i know they can get you to pay a deposit not sure how much though. I was lucky as when we moved the bills went into my husbands name.
Kazy1 |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 06 November 2008 : 21:04:49
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Steve
As John has pointed out it prob is best to try and pay the utilities as you need those and it looks better on your part and is not classed as preferential.
I would continue to get those bills down as you will need to have gas and electric once you move.
Take care
Jo
Your Forum Moderator
x
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Jo's Links and added info on Bankruptcy!
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
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SPT
Starting Member
United Kingdom
38 Posts |
Posted - 06 November 2008 : 21:08:43
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Yes thanks all
I will increase the utility bills DD ready for the rental and take them with us..
Thanks again!
Steve
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kazy1
Junior Member
United Kingdom
120 Posts |
Posted - 06 November 2008 : 21:10:34
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Totaly agree Jo, I only made the decision to put mine in as hubby did it in his name but would still have contiued paying the bills as the kids are allergic to not having every piece of electrial equipment on all at once!!!
Kazy1xxxx |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 06 November 2008 : 21:12:22
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Good luck Steve,
Please do keep on posting when you feel the need we are all here to help :-)
Jo
Your Forum Moderator
x
For more info on how i have come through bankruptcy and for links to help, you can read my blog here called:
Jo's Links and added info on Bankruptcy!
http://debtfreejo.blogs.bankruptcyhelp.org.uk/
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Topic |
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Mortgage payment
