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Top-Up Mortgage Services Ltd and Transcom. Debt from 1989

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Hi There,

 

I wondering if someone can give me any advice on this.

 

In 1989, I lost a house through Neg. Equity. I had a Mortage with two other parties - who did a bunk - with Mortgage Express for 95% and the ramining 5% with Top-Up Mortgage Services.

 

I settled with Mortgage Express and paid a peppercorn rate to Top-Up (£10 per month) ever since.

 

Transcom are now - sporadically - chasing me about the remaining debt, which I had them confirm is not earning interest. I have recieved a form letter from them saying;

 

Do you want to put this debt behind you for Good? We have recently reviewed your account and can now offer you a significant discount. We are currently willing to accept a lump sum payment, in most cases up to 50% of your liability.

 

It finishes. In Capitals.

 

Remember this offer is only available for the next 30 days and cleared funds must be recieved by this date. After this date the full outstanding balance will become due and payable.

 

I am interested in your opinion and advice on this and best course of action.

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when did you last make a payment to them? If it is 12 years or more it is statute barred


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