Response to The HALIFAX Give A Public Definition Of When The Six Year Rules Starts

I spoke with an independent solicitor this week, the legal advice line offered by our house insurance cover, he stated that the time limit should start from the time that the first opportunity arose for the lenders to sue , ie the time that the contract was first broken and that payments had been missed, as that is when a contract has been broken!! So those first letters which were written stating your mortgage is in arrears could help to give a date for when action could have been taken for recovery of monies outstanding. By the way, this guy had also written an internal document for his department on Mortgage Indemnity Policy and was experienced with many cases of mortgage shortfall. regards Vijay

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