Help I signed as a guarantor 6 years ago

iolanthe07

If the loan was in the form of a mortgage on a property, then the Statute Barred rule would only kick in after 12 years.

zzzLazyDaisy

antrobus wrote: »

National Debtline says;

If you think your joint debt might be statute barred, you need to check if the other person has made any payments. If they have made a payment within the limitation period, this means the time limit restarts again for both of you.

http://www.bdl.org.uk/images/25_EW_NDL_Liability%20for%20debts%20and%20the%20limitations%20act.pdf

Presumably therefore, the date of the F&F agreement would be crucial.

Thanks for the link.

yes, the date of the F&F agreement is important - although often the actual payment is later, so it is still essential to find out when the debt was last acknowledged, as this may be later than the date on the F&F agreement.