Response to Help-has my SARN caught them out!

Sounds like you are on the right track Jen. I think a lot of us are in similar situations concerning MIG payouts which make up the major part of claims for shortfall liability. A lot would appear to balance on the question of is a MIG payout a debt simple or a specialty debt (as claimed by lenders). There was some talk in a recent posting about upcoming Appeal court cases which may resolve this issue once and for all (or until the next appeal anyway). I still think that the lenders are shit scared of losing this argument which is why it hasn't yet been tested in court and also why the CML introduced their voluntary six year limit. I think you have a strong case but you may just have to accept that they will not concede and get used to rebutting their letters for the next few years.

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