Well - I don't think it's quite that simple. I haven't checked out Chris' link but it's John's answer that concerns me a bit. The lender has 12 years to recoup what they think they are owed, and the 12 year clock starts from the date upon which a mortgage is defaulted on. In my experience (and certainly in my very personal experience) that default usually occurs when the third consecutive payment is missed. I am aware, though, that lenders apply different criteria and the ones of doubtful parentage that you are dealing with will have defined it in the terms and conditions attached to your mortgage agreement. Take a close look at them Kevin and bear in mind comments across this site regarding the ways in which part payments or admission of a debt can start that 12 year clock ticking again.(posted 7350 days ago)Good luck.