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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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Shabana
Starting Member



1 Posts

Posted - 07 March 2012 :  14:45:16  Show Profile  Visit Shabana's Homepage  Reply with Quote
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.

Viki.W
forum expert



United Kingdom
2211 Posts

Posted - 07 March 2012 :  16:21:08  Show Profile  Reply with Quote
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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