kanrent Posted December 28, 2022 Report Share Posted December 28, 2022 Do high street banks pay council tax? Do banks pay council tax on empty properties that have been repossessed? Quote Link to comment Share on other sites More sharing options...
Melboy Posted December 28, 2022 Report Share Posted December 28, 2022 I would say they probably do and then that cost is added to the mortgage payee in default debt invoice. Debts normally last as a live reclaimable debt for 7 years but oddly when it comes to mortgage debt it is 12 years. This fact was highlighted way back in the great property crash of 1989-1991. From my experience of buying repossession property over many years the worst thing you can do is to walk away from the property and post the keys through the letter box. Quote Link to comment Share on other sites More sharing options...
Richlist Posted December 28, 2022 Report Share Posted December 28, 2022 Banks have to pay any bills associated with a repossessed property, there are no concessions. They are also required to mitigate any additional costs. That's why repossessions are often auctioned as it minimises the time the bank holds the property. Quote Link to comment Share on other sites More sharing options...
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