Response to 8% interest added/jdl holdings

David,

Firstly, do you mean JDL Holdings? Unfortunately, as you have made an offer of repayment this may be construed as an acknowledgement of the alleged debt, which can restart the limitation period afresh from the date of the last acknowledgement. In any further communication make it clear that you deny liability and do not admit the debt. Follow the good advice on the Home Repo site, particularly the 'Do's and Don'ts'. I would also involve your local MP too, tell him/her that they are trying to force a settlement on the alleged debt which they will not properly substantiate (see Mike Hancock's Early Day Motion 62, which you can quote too, this can be found on the repo site under 'repossession', just underneath the mortgage shortfall e- petition). As for the interest charges being reactivated I have serious doubts as to whether that is legal, I'll come back to you on that one. If it is a joint mortgage you would only be liable for 50% of the alleged shortfall. If you have any further questions just post them up. Good Luck.

Mark.

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