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Halifax , shortfall is sorted!

from onward to the future (tequilaslammas@yahoo.co.uk)
The Halifax recently accepted an amount of £2,500 in full and final payment of our £33,500 alleged shortfall. At the time I was still dubious about whether this was definitely the end of the matter so I didn't get the flags out straight away. I did ask them to send me a letter with a receipt for the money and I was very happy to get this letter from them this morning.

"Arrangement complete

I acknowledge receipt of the settlement figure agreed with you, for the loss of the above property, following repossession.

Notification will be made to the Council of Mortgage Lenders in order that the entry in the possessions register, against your name, is marked as satisfied.

I can confirm that The Halifax, and the Additional Mortgage Security Company(formerly Mortgage Indemnity Insurance), will not take any further recovery action against you in respect of your liability in connection with the loss, but reserves the right to pursue all other parties to the mortgage (including Guarantors if applicable) for any remaining loss."

This is their exact letter and I am now pretty cerain that the flags can now come out and be waved about as this is surely the end of my year of hell.

It took 13 strong letters, 6 sarns, 2 different offer amounts and 1 I&E form to bring this situation to closure. I used all the advice that I could find from this site to stop my nerves jangling.

The result is that it has paid off and I hope that my post brings hope to those of you out there being chased by the halifax.

If I can give you any advice or you want to know my step by step of letters that I wrote etc., please let me know and if your situation is similar to mine I will try to help you.

Good luck everyone.

(posted 8017 days ago)

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