IBAS Complaint.

[Hughes 66]

11yrs ago a friend had a Mortgage with B&Bingley.At the time he had the house repossed and sepated from his wife.He heard nothing about the mortgage after until today when after the death of his wife B&B contacted him to say he owes them �14000.They have been trying to get the money from his late wife over the past years and she had done nothing.What can he do now.HE has no property and little money.He has been told a Company IBAS can help and they are asking for �250. up front to sort out problem.Are they a reputable firm.

[themas]

I know nothing of IBAS but he definitely needs advice. It may even be that he cannot be pursued for the debt at all. B & B are members of the Council of Mortgage Lenders and they have a voluntary code of practice on mortgage shortfalls which means they will not pursue the debt if they did not make contact within 6 years of the sale of the house. However, they may argued that their contact with his wife committed him as well, & I am not sure about this.

He could try to get some free advice from the local CAB or another debt advice service such as CCCS (see website). Others may post with some knowledge of IBAS.