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For more on marking an answer as the "Best Answer", please visit our FAQ.With mortgages the lender legally has 12 years from the time the debt was last acknowledged before the debt becomes "statute barred", but if the lender is a member of the Council of Mortgage Lenders a voluntary 6 year period operates. Look at CML website to see if your lender is a member.
Acknowledging the debt can happen in all sorts of ways but if you've had no contact at all since repossession then you are outside the CML 6 year limit BUT there is no limit if the lender got a Court money judgement at the same time as the Court repossession order.
Often lenders chasing these shortfall debts are willing to agree a settlement for a fraction of the debt if satisfied you have no assets & low (or nil) income.
This is quite complex & you really need advice from a local CAB or law centre