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HI all,
Looking for advice. We bought a house in N Ireland in 2007 for £180k. The recession came and the value dropped to approx. £90k. We moved to Australia in 2010 and kept paying the interest only mortgage. In April 2018 we contacted Halifax and arranged for a voluntary surrender of the property. We sent back all the info they requested and the keys in April 2018.
We heard very little from Halifax for several months then we started getting letters from Moorcroft debt collection. We did not engage with Moorcroft and in August 2019 the letters and phone calls stopped.
Today i got a letter from Halifax stating that as of October 21 Lloyds Banking Group had assigned its rights to Cabot Financial. The outstanding balance on the account is £100,000.
We no longer live in the UK/N Ireland, the letter came to an old address of mine and was forwarded on to me.
As the debt is now nearly 4 years old since we voluntarily surrendered the property is there a limit of time they have to collect this debt in N Ireland?
As we reside outside the jurisdiction what rights do Cabot have and any other advice i would appreciate.
Thanks,
Looking for advice. We bought a house in N Ireland in 2007 for £180k. The recession came and the value dropped to approx. £90k. We moved to Australia in 2010 and kept paying the interest only mortgage. In April 2018 we contacted Halifax and arranged for a voluntary surrender of the property. We sent back all the info they requested and the keys in April 2018.
We heard very little from Halifax for several months then we started getting letters from Moorcroft debt collection. We did not engage with Moorcroft and in August 2019 the letters and phone calls stopped.
Today i got a letter from Halifax stating that as of October 21 Lloyds Banking Group had assigned its rights to Cabot Financial. The outstanding balance on the account is £100,000.
We no longer live in the UK/N Ireland, the letter came to an old address of mine and was forwarded on to me.
As the debt is now nearly 4 years old since we voluntarily surrendered the property is there a limit of time they have to collect this debt in N Ireland?
As we reside outside the jurisdiction what rights do Cabot have and any other advice i would appreciate.
Thanks,
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