Help what should i do

I own a house in Hull, i currently live in London, i bought the house 8 years ago with my now ex partner. I have taken resonsibility for the property. I have been letting the property for the last 6 years, however now due to the fact that the Letting Agent did not inform me of a leaking gutter, my tenant has left and my house has become uninhabitable. I have the council chasing me for unpaid council tax (apparently if a house is not occupied for more than 6 months then the tax is still due on it) a total of £950 the damage to the property caused by the previous tenant and the leaking gutter totals approx £1000. I had the house valued last year, it is now only worth £8000 before it was damaged. I paid £27500 for the house with a mortgage of £26,750 there is no way i can afford to pay the mortgage what should i do? What is voluntary reposession ? Is there a way out?

[ Previous | Next ]