Was just wondering what is the best way to respond to a banks legal representatives.
We have received communication from them calling upon us "to hand over possession of our property to their client immediately" and "failure to comply will result in proceedings being issued for and order of possession".
We have exhausted all avenues (that we can see) and sadly our situation has unfortunately come to this after much stress and anxiety over a prolonged period of time, so we have decided that our best bet is to handover possession.
Can anyone advise the best way we should respond to this?
We have tried negotiating with the bank directly and via the IMHO and for our own sanity as much as anything we are resigned to the fact that either handing over possession or repossession are the only options left. We have come to terms with this and now just want to get our lives back on track.
So really all we are wondering now is how do we word a response to them advising that we are handing over possession?
Write back to the solicitor and agree to it. They will then send you a letter of surrender.
However, I still think you should set out the facts of the case and you may get some useful advice. For example, if you are in negative equity, you may be able to negotiate a deal to write off the negative equity.