We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Mortgage arrears
mw1967
Posts: 1 Newbie
A friend of mine bought a house in 1999 with his then partner..in 2012 the house was re possessed . It was a repayment mortgage he moved out lost touch with his partner
Last week he received a letter from a debt collection agency to say he and his ex owe nearly 22 thousand pounds..they couldn't contact her so he has to stand the debt
As you can imagine this is a massive shock no word for 8 years and now this
His mortgage was with the Halifax and he has always banked with them ...why have they waited 8 years ? And can they do this ?
Last week he received a letter from a debt collection agency to say he and his ex owe nearly 22 thousand pounds..they couldn't contact her so he has to stand the debt
As you can imagine this is a massive shock no word for 8 years and now this
His mortgage was with the Halifax and he has always banked with them ...why have they waited 8 years ? And can they do this ?
0
Comments
-
Yesmw1967 said:A friend of mine bought a house in 1999 with his then partner..in 2012 the house was re possessed . It was a repayment mortgage he moved out lost touch with his partner
Last week he received a letter from a debt collection agency to say he and his ex owe nearly 22 thousand pounds..they couldn't contact her so he has to stand the debt
As you can imagine this is a massive shock no word for 8 years and now this
His mortgage was with the Halifax and he has always banked with them ...why have they waited 8 years ? And can they do this ?
Here's useful information for your friend:
https://www.nationaldebtline.org/EW/factsheets/Pages/mortgage-shortfalls/mortgage-debt.aspx#:~:text=For this part of a,1) of the Limitation Act.&text=Mortgage interest is the interest,after your home is sold.
Mortgage started 2020, aiming to clear 31/12/2029.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards