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

Tracey,

Thank you very much for your comments. It does appear that Ruth Kelly is ignorant of the facts, I shall indeed be pointing out that the limitation period is 12 years under 'Bristol & West v Bartlett' (in respect of capital) usually starting from the 2nd or 3rd missed monthly instalment payment on the mortgage. I shall also be pointing out the fact that the CML voluntary 6 year limit starts from the sale of the repossessed property, often many years later after possession, and has done little for current victims. Furthermore, I have also heard a rumour that where lenders have not contacted the borrower within the prescribed 6 years they have been selling on the shortfall debt to debt collecting agencies. Has anyone experienced this?

Mark.

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