Quote:
Originally Posted by blacknwhite
It doesn't matter what the debt is against, mortgage, store card, whateva, it is on your record for 6yrs after the SB 6yrs period. So 12yrs total.
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Im sorry, this is incorrect the time that a debt by way of mortgage can be recovered is twelve years, and cannot be Statute barred before then.
What CAN be Statute barred after 6 years is the interest, the capital owed is 12 years as stated in section 20 of the act.
http://www.legislation.gov.uk/ukpga/1980/58