MINI GUIDE 10 - MORTGAGE SHORTFALL LIABILITY
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Mortgage Shortfall Liability: Why Repossession Isn’t Always The End Of It
Most people think repossession means the debt is gone. It often isn’t — and shortfalls can be pursued for years. This guide explains exactly what happens, and the time limit most people don’t know about.
What’s inside:
What actually happens to the sale proceeds after repossession
Why shortfalls happen, and why they’re often bigger than expected
The 12-year rule that catches almost everyone off guard
What to check before you pay a penny toward an old shortfall
Where to get free, independent advice before agreeing to anything
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Why trust this: Written by Claire Cox, FCA-registered Debt Educator (ref. 212365616) — Debt Educator not a Regulated Adviser (PERG 17.2/17.5). Delivered instantly to your email. As a digital product, we’re not able to offer refunds once it’s sent
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