Tanya,(posted 7463 days ago)See item 19 (Proceeds of Sale) on the CML's Statement of Practice on Handling Arrears and Possessions:
http://www.cml.org.uk/servlet/dycon/zt- cml/cml/live/en/cml/pub_info_arrears
Also read: Debt Following Mortgage Possession
What happens to a mortgage debt after a home is repossessed?
on: http://www.cml.org.uk/servlet/dycon/zt- cml/cml/live/en/cml/pub_info_dept
Mark.