Mark - Your solicitor (Guy at a guess?) is indeed correct and always is :-)(posted 7558 days ago)However, i did not note that the lender had stated full and final settlement in the original posting, my belief due to the amount of money stated (£480) that the poster believed that this was full and final - if they had not made the fact of full and final settlement in their offer my previous advice would be correct as the LA1980 Sec 20 countdown would have reset after the last payment (cause of action).
As for my statement about £10 * 48 = £480 no way would they accept, it now transpires that it is £3,500 - all becomes clearer.
By the way Kaveh, well done, with your posting clarification you havent done a bad negotiation, now you can truly get on with your life without worrying about whats going to be in the letterbox. Sorry if my previous posting caused any distress.