I handed my keys back to the Bristol and West at the beginning of 1995. They contacted me in October 1999 and asked for £42000. I filled in all their forms stating how much I earned and what I paid out. They asked for £2000, I offered £1000 and they accepted.(posted 7751 days ago)I have just managed to get another mortgage without any problem at all. It's now exactly 8 years since my voluntary repossession.
On the new mortgage application form, I didn't admit anything....worked out OK for me. It was a nerve wracking time though!