[ Post New Message | Post Reply to this One | Send Private Email to alyson | Help ]

Response to Halifax, the latest from them

from alyson (faydupp@hotmail.com)
Maybe I'm veering off on a tangent here but it think it has relevance to anon's original question. Yes, its that old chesnut again - 6/12 year rule!

Given a scenario that repossession took place July 1990. Cardinal sin of filling in I&E form and making small monthly payments committed during that time. Payments suspended and lender asked to justify debt. Documentation (some) supplied and clear evidence of underselling and lenders statutory requirements not fulfilled.

The big question is; In July 2002 do the lenders no longer have the legal right to pursue the alleged shortfall? And if they were contemplating taking legal action they would have to get in there fast i.e. before July 2002.

I think I can guess what opinions will be put forward but right now I'm indulging my optimistic side a bit. It would be nice to think that this whole thing will fall off the radar this year.

Sorry, anon, dont wish to hijack your original question here but maybe any further contributions on this subject will help you.

(posted 8081 days ago)

[ Previous | Next ]