Draft e.petition to Parliament and additional info.

DRAFT OF MORTGAGE SHORTFALL E-PETITION:

HELP MORTGAGE SHORTFALL DISASTER VICTIMS

PETITION

In Britain between 1990 and 1996 over 1 million individuals were subject to mortgage repossession,principally due to the crippling interest rates imposed by the financial experts at the time.Now the Endowment Mortgage Shortfalls loom on the horizon and MS victims continue to suffer. Overseas debt can be cancelled ,and millions of pounds sent abroad to help those who have lost their homes in natural disasters,but ONE MILLION PLUS British citizens who have lost their homes get NOTHING. Or,doesn't this constitute a disaster?

DESIRED OUTCOME

1) That s20 of the 1980 Limitation Act be reduced to 3 years,as has been recommended by the Law Society (not 6 years as planned by the FSA).

2) That an amnesty be declared for debts arising from the 90s housing recession.

3) That Mortgage Shortfall sufferers have their names removed from blacklists. We are victims not villains.

4) That lenders be obliged to disclose (clearly) to borrowers in debt when information ,or part payment, given to the lenders could constitute an acknowledgment of the debt.

5) That a fund be set up to help Mortgage Shortfall victims and to help those who may suffer from Endowment Mortgage Shortfall in the future.

WHO WE NEED TO INFLUENCE

The Government and all Opposition MPs.

LENGTH OF PETITION

Until justice is done.

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Now, I've found a copy of the Limitation Act 1980, and in it is this... " An action upon a specialty shall not be brought after the expiration of 12 years from the date on which the cause of action accrued" which I also take to mean" they can't chase you after 12 years".

The above can be seen on "www.lawcom.gov.uk/library/lccp151/cp151apa.pdf" - Appendix of the Limitation Act 1980, see item 8.

Incidentally,anyone who has been duped into sending an income and expenditure form or who has made a part payment should definitely read item 32 on the appendix quoted above.

Attn. Melody, Many thanks for your good wishes and your useful recommendation,as you can see I have included it. I was going to put write-off, but I prefer amnesty. I think your right to be cynical as regards the fund proposal,but one lives in hope.

IF ANYONE ELSE HAS A CONTRIBUTION TO MAKE OR CAN SEE ANY ERRORS, NOW IS THE TIME TO TELL ME.THANKS.

Finally, has anyone guessed what Groms means yet?

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