Pre-possession notice (example)
An example of a pre-possession notice that you must provide before repossession.
Credit (Repossession) Act 1997, Schedule 1
[Full name of debtor] Anthony James D’Van & Tina Marie D’Van
[Address] 24 Sunset Terrace, Nightcap
This is about your [Describe goods] Big Bed Supersoft Queen Bed, which is subject to a security agreement with [Full name of creditor] RestEasy Finance Ltd. The agreement is dated 1 April 2010. This is to notify you that:
IF YOU DO NOT COMPLY with these requirements within 15 days [Insert number of days not being less than 15] after the service of this notice on you, [Full name of creditor] RestEasy Finance Ltd INTENDS TO TAKE POSSESSION of the [Describe goods] Big Bed Supersoft Queen Bed.
Dated this 31st day of July 2010
This notice is given by [Full name and address of creditor] RestEasy Finance Ltd, PO Box 1 Bedale, as creditor under the security agreement.
NOTE | Where this notice is sent to a guarantor it must be endorsed at the top of the notice as follows: This notice is sent to you as guarantor of Anthony James D’Van & Tina Marie D’Van. As guarantor you have certain rights and obligations and you should seek advice at once.