Response to When is 6 years actually 6 years?

It does seem that way,especially if the lender claims it's a speciality debt( a debt arising from property and mortgage deed)in which they have twelve years to chase you,but If they made contact after FEB 11th and six years have lapsed then they should'nt be asking you for the debt. The other argument regarding the twelve years which have come from barristers is that if the lender has been paid out by the MIG then the debt should become a unsecured debt ( think that the right word) and so they have only six years to chase you. I am not a lawyer but its info that i have gathered which makes sense.hope this helps.

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