Response to heard nothing yet

Philip, By my reckoning you have not heard anything for around eight years. If your lender is a member of the Council of Mortgage Lenders then in theory you will now be beyond their voluntary limit for chasing shortfall debts. That would be the first argument to use if they try to resuscitate a claim. You could try obtaining your credit file record from Experian and Equifax to see if the lender has put anything there. YOu may still be listed on the CML possessions register which would affect your chances of obtaining a new mortgage. If you really want certainty then write to your lender pointing out that you have had no contact from them or their agents for over eight years and in view of their policy (CML)on shortfall claims would they please confirm that the matter is closed and no action will be taken against you etc..

[ Previous | Next ]