Lee,(posted 8001 days ago)I'm afraid they still can chase you.The length of time to sell repo property isn't counted under the voluntary 6 year code. I think the CML are clear on that one Lee "the Council of Mortgage Lenders have agreed voluntarily that they will begin all recovery action for the shortfall within the first six years FOLLOWING the sale of a property in possession", however they also say " lenders are committed to fair and sympathetic treatment of people who have suffered repossession, and accept that individuals should not face long delays before lenders contact them to discuss repayment of the shortfall." Personally, my non professional opinion is for you to follow the guidelines on the repo site. Send out SARNS, establish whether they sold your property for a fair price etc. Also try and find out what they were doing with your property for 4 years,were they renting it out for example. You can also go to your local CAB for professional advice. I think, given the amount of time that has passed to first contact you have a good case though. I think it would be a good idea for you to take your case to your local MP too. When did you take out your mortgage ?
Mark.