Independent Banking Advisory Service 

Mortgage Shortfall and Mortgage Shortfall Debt

I’m being chased by Debt collectors for old mortgage debt -- I’m being chased by solicitors (may be Wragge & Co, Drydens, HL Interactive, Eversheds or Asset Recoveries UK Ltd) for a distant, or past mortgage shortfall debt claim -- I’m trapped by my ex husband’s debts --- My Girlfriend’s ex husband left her in debt -- My ex-husband’s debt may cost us our home - We have just received an assignment on a mortgage debt from 17 years ago -- My ex-husband has gone bankrupt and I’m now liable for the mortgage debts -- My ex-wife left me in debt more than 12 years ago and now the lenders are claiming a shortfall debt -- My partner and I have married recently but she’s just received a claim for a previous mortgage shortfall debt claim – My Wife’s mortgage debt and old mortgage liability is now being claimed from me after 15 years -- I’ve been told the lenders are not taking any notice and now they are issuing a claim into court with 12 years interest -- A Joint and Several debt is being claimed against me, because my wife left me with her debts -- I’ve been told my shortfall debt claim is outside limitation but the lender’s taking me to court and also claiming interest – We were told when we handed the keys back that the lender would write the debt off.

All the above are comments from the first enquiry from those who have requested our help over the past years.

You will find our 2012 national newspaper comments (plus many more over many years in the News and archives sections of our site) - these show that IBAS can be relied upon and has been in existence helping bank customers with their banking disputes and mortgage shortfall debt claims since 1992. IBAS has also featured in BBC TV and ITV News items and programmes on UK banking and business banking issues many times since we were established in 1992

What does IBAS membership offer you?

One of our members wrote in: "After almost eight years we are finally free of this nightmare and have no fears of what the postman might bring. May we take this opportunity to express our thanks and appreciation for all the help and advice we have received."

When IBAS assess mortgage shortfall debt claims we look for all the facts and proof of what has happened and also how – then we test the lender’s claim against the facts. Some lender’s claims do not stand up to our scrutiny and on those the lenders can admit defeat. Our advice and assistance is invaluable where there is another property.

Please note: Lenders will always recommend CCCS and PayPlan for free DMP's (Debt Management Plans) to their customer because they will always attempt to produce payments on the debt claimed - However, DMP's are merely 'management of the debt' which has or is being claimed by the lender it is not negotiating or questioning the legality of the debt or whether it should be paid - these are companies 'managing' your payments for a full debt collection on all debt claimed as being owed. If a DMP is entered into and accepted by the borrower all debts claimed will then continue to be 'chased' for payment - until they are fully repaid.

We are completely independent and unique - we have no financial support from lenders or government and have been a non profit making organization since our launch in 1992.

IBAS mortgage shortfall Testimonials

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Independent Banking Advisory Service (IBAS) is a national, independent, non-profit, unique specialist banking customer membership organization which resolves banking complaints and disputes and which has campaigned on UK Banking customer issues since 1992. We provide bank and banking assessment, analysis, bank comment and content for BBC TV News, ITV, Radio and national newspapers.