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Limittion Act 1980 - Mortgage shortfall


Loser4u
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In the Limitation Act 1980 it Section 20 (2) it states tht the time limit to start action to recover debt is limited to 12 years from the date on which the right to receive the money accrued

 

http://www.legislation.gov.uk/ukpga/1980/58

 

It looks like the above defence was used in this case from the date the arrears started not the date of repossesion

http://www.guardian.co.uk/money/2004/aug/07/creditanddebt.mortgages

 

Anyone have more informaion on this case

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