Response to 6 year rule. help!

The Council of MOrtgage Lenders agreement, as well as the Halifax's own announcment, mean that the shortfall will be time barred 6 years from the date of sale of the property.

Therefore, as they say it was sold in Feb 1995 the 6 years has gone past. However, it is likely that they will say that the time runs from when the started to trace you or sent the first letters. They may well have sent letters to another address or begun to trace you before February 2001.

You need to ask them why they are pursuing a debt that, according to the CML agreement and the Halifax's own announcement (December 1999 I think), is over the 6 year limit. Do not ask them any more at this stage wait and see what they say. Come back to this site when they reply.

Hope that makes sense.

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