Jessie,(posted 7966 days ago)Take a look at the repo site (Repossessions under 'Do Lenders have 6 or 12 years to chase me?') then go to "The Solicitors Journal produced a very good analysis of mortgage limitations law on 17 September 1999. Click here to download it." It gives some interesting info by a barrister Jeremy Callman, In which he states that "the mere use of the words 'without prejudice' ought not to be relied upon" amongst other things. I also believe you need a certificate or deed of satisfaction once you settle the debt, so they can't make any more demands later.
Mark.