Jon,(posted 8407 days ago)Your case raises many interesting questions.
How do you know that your MIG cover was for the precise sum of £6617? Is this the sum which was claimed by Maes? Have you managed to see some documentation? I take my hat of to any ex borrower who has found a way of seeing their MIG policy and the MIG claim. In my experience, lenders are (suspiciously) reluctant to let ex borrowers see these and have them evaluated by professionals.
I take it that Eagle Star provided the MIG, and, if so, I would love to kow how usual it is for the endowment provider to also supply the MIG.
Anyway, it may well be that 'MIG monies' are subject to a 6 year limitation rather than the 12 year Limitation which applies to mortgages, according to opinions expressed below on this Q&A board (see threads with MIG in title), although these are of course merely opinions. It would be good to have it tested in the Court of Appeal, like many 'shortfall' related issues.