I have just received a letter from solicitors representing Nationwide building society. They tell me that I owe them just over £30000 as a shortfall payment, my mortgage was £42000 and the property sold for £20000, significantly less than it was worth.(posted 8288 days ago)They are saying that for the next 28 days they are willing to accept a payment of £3000 and write off the rest of the money. After the 28 days though, they say they will take steps to recover the full amount. I received a letter from them just over a year ago asking me to get in touch with them, but I ignored it.
My questions are : Would it be worth me writing and offering them £2000 or would this just cause me trouble if they don’t accept. Also come October it will be six years since my keys were handed in, if I can avoid contact with them until then would I be in the clear, or does the law still allow them 12 years.
If anyone has any thoughts about this I would be very grateful to hear from them. Thank you.