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How long does a lender have to claim on a MIG?

from Eleanor Scott (eleanor.scott@btinternet.com)
How long does a lender have to claim on a MIG, do we think? Does it have to approach the relevant insurance company within 6 years of the sale of the repossessed home? Or does it have a full 12 years? Or is it even less than 6 years?

Is there a definite legal position and/or code of practice on this?

This follows on from the MJO/MIG thread below, and could be important.

Thanks.

(posted 8412 days ago)

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