Charge on a property

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  • #45874
    mattk
    Participant

    Ww have a case where the claimant has a second home and a charge against it as confirmed by Land Registry. The problem with this is that charges are against properties do not 9always) have financial amounnts next to the them. The claimant also states that if secured against a private debt, any sale has to be authorised by both parties, meaning it can't be realised. 

    Anyone else experienced this and if true and therefore nil value, if other party won't agree to sell? 

    #129176
    John Boxall
    Participant

    Matt, my immediate comment might be that you need more details of the charge and what it’s for.

    If there is a charge against a property then the consent of the charge holder is needed for a sale, for example if you sell your own home & it has a mortgage, BUT normally it would only be an issue if the proceeds were not sufficent to cover the charge(s)

    Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery. The blossom is blighted, the leaf is withered, the god of day goes down upon the dreary scene, and—and in short you are for ever floored.

    Wilkins Micawber, Ch12 David Copperfield

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