Mortgage shortfall

Keith60

Help just received letter from hessonite mortgage saying I owe £14000on house repossed 11.5 years ago is there anything I can do

MeteredOut

Can you give more background? Are you refuting that you owe this, or are you asking whether you have to pay it after 11.5 years?

fatbelly

Yes there are lots of things you could do but if you have not heard anything for 11.5 years then this may be statute barred in 0.5 years and they may already be in breach of MCOB guidelines to contact you within 6 years.

This factsheet explains

https://www.nationaldebtline.org/fact-sheet-library/mortgage-shortfalls-ew/

So option 1 is to do nothing, for at least 6 months

If you start to engage, then asking for the breakdown is a first step (letter in that factsheet)

You may get to the point where you dispute liability (letter in that factsheet)

You my choose to ask for a write-off (letter in that factsheet)

You may choose to offer a small sum in full settlement (letter in that factsheet)

You may want to talk to people (who wrote that factsheet)

Keith60

fatbelly said:

Yes there are lots of things you could do but if you have not heard anything for 11.5 years then this may be statute barred in 0.5 years and they may already be in breach of MCOB guidelines to contact you within 6 years.

This factsheet explains

https://www.nationaldebtline.org/fact-sheet-library/mortgage-shortfalls-ew/

So option 1 is to do nothing, for at least 6 months

If you start to engage, then asking for the breakdown is a first step (letter in that factsheet)

You may get to the point where you dispute liability (letter in that factsheet)

You my choose to ask for a write-off (letter in that factsheet)

You may choose to offer a small sum in full settlement (letter in that factsheet)

You may want MeteredOut said:

Can you give more background? Are you refuting that you owe this, or are you asking whether you have to pay it after 11.5 years?

Yes sorry this is the first I have heard about shortfall as house was repossed and sold I had to go to land registry to find out when it was soldfatbelly said:

Yes there are lots of things you could do but if you have not heard anything for 11.5 years then this may be statute barred in 0.5 years and they may already be in breach of MCOB guidelines to contact you within 6 years.

This factsheet explains

https://www.nationaldebtline.org/fact-sheet-library/mortgage-shortfalls-ew/

So option 1 is to do nothing, for at least 6 months

If you start to engage, then asking for the breakdown is a first step (letter in that factsheet)

You may get to the point where you dispute liability (letter in that factsheet)

You my choose to ask for a write-off (letter in that factsheet)

You may choose to offer a small sum in full settlement (letter in that factsheet)

You may want to talk to people (who wrote that factsheet)

Thank you I have just sent off sheet to write off dbt due to no contact For 6years worth a try

Keith60

Keith60 said:

fatbelly said:

Yes there are lots of things you could do but if you have not heard anything for 11.5 years then this may be statute barred in 0.5 years and they may already be in breach of MCOB guidelines to contact you within 6 years.

This factsheet explains

https://www.nationaldebtline.org/fact-sheet-library/mortgage-shortfalls-ew/

So option 1 is to do nothing, for at least 6 months

If you start to engage, then asking for the breakdown is a first step (letter in that factsheet)

You may get to the point where you dispute liability (letter in that factsheet)

You my choose to ask for a write-off (letter in that factsheet)

You may choose to offer a small sum in full settlement (letter in that factsheet)

You may want MeteredOut said:

Can you give more background? Are you refuting that you owe this, or are you asking whether you have to pay it after 11.5 years?

Yes sorry this is the first I have heard about shortfall as house was repossed and sold I had to go to land registry to find out when it was soldfatbelly said:

Yes there are lots of things you could do but if you have not heard anything for 11.5 years then this may be statute barred in 0.5 years and they may already be in breach of MCOB guidelines to contact you within 6 years.

This factsheet explains

https://www.nationaldebtline.org/fact-sheet-library/mortgage-shortfalls-ew/

So option 1 is to do nothing, for at least 6 months

If you start to engage, then asking for the breakdown is a first step (letter in that factsheet)

You may get to the point where you dispute liability (letter in that factsheet)

You my choose to ask for a write-off (letter in that factsheet)

You may choose to offer a small sum in full settlement (letter in that factsheet)

You may want to talk to people (who wrote that factsheet)

Thank you I have just sent off sheet to write off dbt due to no contact For 6years worth a try

Will this give me more time as they state I have 14 days to get back to them does this count

Phoenix72

Keith60 said:

fatbelly said:

Yes there are lots of things you could do but if you have not heard anything for 11.5 years then this may be statute barred in 0.5 years and they may already be in breach of MCOB guidelines to contact you within 6 years.

This factsheet explains

https://www.nationaldebtline.org/fact-sheet-library/mortgage-shortfalls-ew/

So option 1 is to do nothing, for at least 6 months

If you start to engage, then asking for the breakdown is a first step (letter in that factsheet)

You may get to the point where you dispute liability (letter in that factsheet)

You my choose to ask for a write-off (letter in that factsheet)

You may choose to offer a small sum in full settlement (letter in that factsheet)

You may want MeteredOut said:

Can you give more background? Are you refuting that you owe this, or are you asking whether you have to pay it after 11.5 years?

Yes sorry this is the first I have heard about shortfall as house was repossed and sold I had to go to land registry to find out when it was soldfatbelly said:

Yes there are lots of things you could do but if you have not heard anything for 11.5 years then this may be statute barred in 0.5 years and they may already be in breach of MCOB guidelines to contact you within 6 years.

This factsheet explains

https://www.nationaldebtline.org/fact-sheet-library/mortgage-shortfalls-ew/

So option 1 is to do nothing, for at least 6 months

If you start to engage, then asking for the breakdown is a first step (letter in that factsheet)

You may get to the point where you dispute liability (letter in that factsheet)

You my choose to ask for a write-off (letter in that factsheet)

You may choose to offer a small sum in full settlement (letter in that factsheet)

You may want to talk to people (who wrote that factsheet)

Thank you I have just sent off sheet to write off dbt due to no contact For 6years worth a try

Not going to work on a mortgage debt

TrickyDicky101

Personally i think I would have done nothing for a while and see how this party responds - assuming you haven't acknowledged this debt in the intervening 11.5 years then it is close to being statute barred and you engaging with the party at this time is just going to let them know they have tracked down the correct individual (which could lead to further action).

Keith60

Phoenix72 said:

Keith60 said:

fatbelly said:

Yes there are lots of things you could do but if you have not heard anything for 11.5 years then this may be statute barred in 0.5 years and they may already be in breach of MCOB guidelines to contact you within 6 years.

This factsheet explains

https://www.nationaldebtline.org/fact-sheet-library/mortgage-shortfalls-ew/

So option 1 is to do nothing, for at least 6 months

If you start to engage, then asking for the breakdown is a first step (letter in that factsheet)

You may get to the point where you dispute liability (letter in that factsheet)

You my choose to ask for a write-off (letter in that factsheet)

You may choose to offer a small sum in full settlement (letter in that factsheet)

You may want MeteredOut said:

Can you give more background? Are you refuting that you owe this, or are you asking whether you have to pay it after 11.5 years?

Yes sorry this is the first I have heard about shortfall as house was repossed and sold I had to go to land registry to find out when it was soldfatbelly said:

Yes there are lots of things you could do but if you have not heard anything for 11.5 years then this may be statute barred in 0.5 years and they may already be in breach of MCOB guidelines to contact you within 6 years.

This factsheet explains

https://www.nationaldebtline.org/fact-sheet-library/mortgage-shortfalls-ew/

So option 1 is to do nothing, for at least 6 months

If you start to engage, then asking for the breakdown is a first step (letter in that factsheet)

You may get to the point where you dispute liability (letter in that factsheet)

You my choose to ask for a write-off (letter in that factsheet)

You may choose to offer a small sum in full settlement (letter in that factsheet)

You may want to talk to people (who wrote that factsheet)

Thank you I have just sent off sheet to write off dbt due to no contact For 6years worth a try

Not going to work on a mortgage debt

Ok debtline advised me to do it thou 

fatbelly

Keith60 said:

Keith60 said:

fatbelly said:

Yes there are lots of things you could do but if you have not heard anything for 11.5 years then this may be statute barred in 0.5 years and they may already be in breach of MCOB guidelines to contact you within 6 years.

This factsheet explains

https://www.nationaldebtline.org/fact-sheet-library/mortgage-shortfalls-ew/

So option 1 is to do nothing, for at least 6 months

If you start to engage, then asking for the breakdown is a first step (letter in that factsheet)

You may get to the point where you dispute liability (letter in that factsheet)

You my choose to ask for a write-off (letter in that factsheet)

You may choose to offer a small sum in full settlement (letter in that factsheet)

You may want MeteredOut said:

Can you give more background? Are you refuting that you owe this, or are you asking whether you have to pay it after 11.5 years?

Yes sorry this is the first I have heard about shortfall as house was repossed and sold I had to go to land registry to find out when it was soldfatbelly said:

Yes there are lots of things you could do but if you have not heard anything for 11.5 years then this may be statute barred in 0.5 years and they may already be in breach of MCOB guidelines to contact you within 6 years.

This factsheet explains

https://www.nationaldebtline.org/fact-sheet-library/mortgage-shortfalls-ew/

So option 1 is to do nothing, for at least 6 months

If you start to engage, then asking for the breakdown is a first step (letter in that factsheet)

You may get to the point where you dispute liability (letter in that factsheet)

You my choose to ask for a write-off (letter in that factsheet)

You may choose to offer a small sum in full settlement (letter in that factsheet)

You may want to talk to people (who wrote that factsheet)

Thank you I have just sent off sheet to write off dbt due to no contact For 6years worth a try

Will this give me more time as they state I have 14 days to get back to them does this count

of course they say that

Ignore their deadlines

The only thing that needs your attention is a formal preaction letter with reply form and 30-day limit.

You are unlikely to get one but if you do, post on the debt-free wannabe forum

Definitely try to do nothing for 6 months. As the poster above says, they just want to frighten you into engaging at this point

Keith60

Thank you I have sent off letter debt help line suggest about no contact For 6 years

alboy82

Hi ive also received a letter from hessonite mortgages saying it regards a shortfall for an old nram mortgage. I ignored the 1st 1 and have now received a 2nd letter saying if i dont respond they will instruct a field agent to visit my property. I thought as nram were a member of the council of mortgage lenders that rhey had to start proceedings within 5 years as i live in Scotland to reclaim the debt? Have you had anymore contact from hessonite?  Im just looking for advice as to what i should do?