Further to the above on Limitations, you can find on the law Commission website under "Summer 2003 Law Commission Reports awaiting implementation"(posted 7538 days ago)58/140 Limitation of Actions Law Com No 270; 10 July 2001.
The Government announced in July 2002 that they accepted the recommendations in principle, subject to further consideration of certain aspects of the report.
Contact - Tamara Goriely 020 7453 1264
So much for the Labour Government helping Repossessed/Shortfall Victims!! Even the Law Society in the The Housing Green Paper, July 2000 recommended a 3 year limitation period (see my Mortgage Shortfall E-Petition). The Limitation period in Scotland, according to the CML is 5 years! Gordon Brown himself back in July 1992 criticised the government at the time saying that "as homes have been repossessed, they have done virtually nothing." What have the Labour Government done since they came into power ? We still ask "What are they going to do ? Lop 2 years off the Limitation period ? Big deal. Little wonder Ruth Kelly the Treasury Minister couldn't come up with an adequate response. They haven't got one.
Mark.