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Final Negotiation

from Simon (tough.one@btintenet.com)
I would rather not reveal the lender at this stage and the amounts negotiated, in case my situation is jepardised. I will of course once completed. The original mortgage was with another party, whom I lost contact with. To cut a long story short and having had my offer accepted there is a condition regarding co-debtors. The payment I make will not release the liability of any remaining co-debtors. This I understand, but there is another part which states " Acceptance of the agreed sum in full and final settlement of the debt is in respect of such sums due to the bank after realisation of any security held by the lender, whether heritable or collateral, at the time of acceptence or at any time over the duration of the mortgage, unless specifically agreed otherwise in writing"

Is this actually releasing me totaly from any liablity or can they still pursue me further?

(posted 8209 days ago)

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