Response to Letter to Treasury Minister and her reply re Repossession and the Endowment scandal

Mr? Amos,

I notice that Ruth Kelly is under the impression that lenders have six years to chase shortfall, and this is legally binding? Has she not read their loophole? I am sure a number of people using this site would be able to refute her impression of this matter. I for one, still had the Halifax on my back *SEVEN* years after my repo, simply because I had been in correspondence with them before they signed the mortgage code in relation to chasing shortfall victims.

As Mr Amos says, now may be the time to hassle your MP a bit more on this matter. Mr Amos has kindly given you a tool to argue with, and the more people that voice their opinion to the relevant parties on this matter, then the Government and these financial institutions will find it hard to ignore the underhand dealings that are going on.

I for one will be writing to my MP again, quoting Mr Amos's letter. I certainly agree that an investigation should be carried out to look into the lenders that have been (and in some cases, no doubt still are) underselling.

Well done Mr Amos, and thank you.

Tracey

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