Firstly,I would be grateful if someone could advise me on the following...I understand by filling in an earnings declaration I may have admitted liability to my mortgage shortfall, I also understand that it may renew the debt for a further 6 years. However,my shortfall debt has almost reached 10 years now,so if I filled in another declaration now would that then supercede the 12 year rule?How long could that continue 6,12,18,24 years?(posted 8053 days ago)Secondly, has anyone ever raised a petition on mortgage shortfall before? I'm considering raising an e-petition to send to parliament,which could include a proposal to change the law on the limitation rule from 12 years to 5 as I believe it is in Scotland. It could also include people who may be affected by endowment policy mortgage shortfall. Any views?
Mark.