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Response to 12 year rule/Council of Mortgage Lenders

from Moira (Anderston828@aol.com)
Statute barred? If Scottish Law applies the matter could be time barred in 5 years provided no court action has been raised for the debt and you have not admitted liability!

The five years will start either on the date the property was sold or the first default date...it depends what is stated in the mortgage deed (not to be confused with the title deed)

It might not apply to you but I understand many Scots read the site and hopefully it might help someone!

Moira

(posted 7473 days ago)

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