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Debt and Mortgage Advice
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drew_williams
Posts: 1 Newbie
Hello, I left the UK 9 years ago owing the bank for a mortgage,personal loan, a load secured against my property & credit cards. I also wrote to my mortgage bank informing them that I can no longer afford to keep the house and i left soon after.
I am aware that I can be black listed for 5 years but would I be able to have my credit history cleaned after and be able to obtain credit?
Also can the banks still chase me for their money should I return to the UK?
Would I be able to obtain another mortgage,loan etc?
I am aware that I can be black listed for 5 years but would I be able to have my credit history cleaned after and be able to obtain credit?
Also can the banks still chase me for their money should I return to the UK?
Would I be able to obtain another mortgage,loan etc?
0
Comments
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There's no blacklist.
But a mortgage debt can be enforced for 12 years. Other debts will be statute barred six years from default, assuming no acknowledgement of the debt or a CCJ being g gained in the meantime.0
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