I am currently being challanged by a debt agency of Bournemouth, on behalf of the halifax reguarding a shortfall on a mortage of which the last payment was made on 15th December 1995 and the property was sold 21st Feb 1997.
The original advance from The halifax, was for 76,000 GBP. The property was sold for 56,000GBP and they had recieved payments of 31,510GBP.
I am now being chased for a supposed shortfall of 55,000GBP which is mainly interest on the account of 47,000GBP between 19/07/90 to 21/02/97. Am i correct in thinking/believing that this interest cannot be now sought as it has been inexcess of 6 years since the time of the debt?
Or does the 12 year rule still apply?
Any help would be appreciated.