Jump to content

britcoms

Registered Users

Change your profile picture
  • Posts

    1
  • Joined

  • Last visited

Reputation

1 Neutral
  1. About 25 years ago I arranged a 1st mortgage on my home to fund a new business. I paid interest on the debt only and the principal would have been repaid at a later date from either the proceeds of a life assurance policy or some kind of pension policy that I took out in conjunction with the loan. Two years later(early nineties) the recession hit, my business failed along with my marriage I was left in a property with considerable negative equity. I decided to hand back the house keys to the mortgagor and left to start a new life abroad. I have no idea whether a CCJ was taken out against me. In the intervening years I have not been in touch with the mortgagors, nor they with me... until now. An insurance company has sent me two letters (I have since returned to the UK), one via the Goverment's tracing service and the second direct to me, claiming that I have a policy with them and asking me to provide personal details eg d.o.b, N I number etc and confirm my contact details and supply previous addresses. Nothing is mentioned about an outstanding debt. Since I have mislaid all documentation regarding the original mortgage agreement I cannot be certain but I am fairly sure that this is the same insurance company that was originally party to the mortgage. By contacting them and providing them with the details they require am I leaving myself open to unwittingly reviving a dormant debt that is presently statute barred. Thanks for any advice that you can provide.
×
×
  • Create New...