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 I had a property repossessed 8-9 years ago. Now had letter saying I owe £130,000

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T O P I C    R E V I E W
Shabana Posted - 07 March 2012 : 14:45:16
I had a property repossessed 8-9 years ago, and have now bought another property. I have just received a letter today advising that I owe £130,000 from the old property. Am I still liable for this as I have made no payments or had any contact with them so have not acknowledged the debt.
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Viki.W Posted - 07 March 2012 : 16:21:08
There is a 12 year window for mortgage debts so you are liable.

Is there are equity in your current property? Do you have any other debts?

Please speak to an expert on here or visit the CAB for advice on your options.




Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/

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