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Shortfall 9 years on!!


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Are they chasing you ?

 

Do they know your current address ?

 

The 6 year council for mortgage lenders rule only applies to members of that.

And if they are a member and have not written to the person owing the shortfall,

then usually it means they can't enforce it.

 

The 6 years runs from the date the shortfall debt was created, which may be when the house was sold, although i am not 100% on that.

 

If you are not being chased, i would leave it alone.

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This link might help the OP in regard to limitations act and the 6 year CML rule. See pages 9&10.

 

https://www.cml.org.uk/documents/cml-statement-of-practice-handling-of-arrears-and-possessions/STATEA&P.pdf

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Hi UB no not being chased not heard a dickie bird in 9 years

 

Probably best to leave it being quiet. If your current address is listed on credit records and you have not changed your name, then they could find you if they wanted to. Just keep a note of the info on this thread including the document i linked to.

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