Can anyone clarify what this means. It's taken from the following site that may prove handy perhaps:

http://www.swarb.co.uk/lisc/Limitation_Acts.html

Land Banking Limitation ChD Times 23-Feb-2000 Global Financial Recoveries Ltd v Jones A claim to recover a mortgage shortfall, where expressly granted by the deed in that behalf, gave rise to a claim in specialty, not in contract, and was therefore recoverable for up to twelve years. A claim under the underlying loan agreement was a claim in contract. An assignment of the debt alone operated to assign that debt, and not the right given under the mortgage, and so a claim under the assignment was limited as under contract. Limitation Act 1980

Mark

-- mark (cantpaywontpay2000@yahoo.com), April 23, 2002

Answers

Mark,

Have you read the section on this, under "Do Lenders have 6 or 12 years to chase me?", under case law ,on the home-repo page?

Mark A.

-- M Amos (idgroms@hotmail.com), April 23, 2002.

Doh!! Thanks Mark...I wouldn't mind but I've read that page about a dozen times!

-- mark (cantpaywontpay2000@yahoo.com), April 23, 2002.