Dation Advice

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13 Feb 2014 11:42 PM by Pat26 Star rating. 7 posts Send private message

Hi everyone

Can anyone offer some good advice on a Dation as to wether or not it is the best option?

Are they 100% successful and what are the chances of the bank not accepting? 

What costs are involved and long does the process take to complete?

I am unemployed and struggling to keep up mortgage payments so think a Dation would be the best option for me.

Anyone been or know someone who has been through the process?

Also I did not pay my Suma Taxes for 2013 and have received a demand letter to my UK address to pay by end Feb.  I can't afford to pay these, and was wondering is there really much they can do?  I am sick with worry over this.

My mortgage payments are up date.  However, this month I am really scrapping to find the money to pay.  If I stop making payments can I still get a dation.

Any advice appreciated.

 





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