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I read an interesting link somewhere which I can't find but am hoping somebody may know about it. In essence the lawyer/writer was saying that there are different types of charges that can be placed onto a property and the wording of the charge is crucial. With one type of charge the creditor automatically gets paid when the house is sold. The other charge merely advised of a charge and although the charge existed it didn't always mean the creditor got paid because it could be sidestepped. Can anybody shed light on this because I found it rather interesting? Thanks.
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Re: Charge on property after CCJ?
Lol, I reckon it is. Top link that man
It certainly seems similar but it's not the link I initially read elsewhere. So with the 'right solicitor' you could probably avoid paying the charge and all the interest that goes with it. I like the sound of that. I'll read more. Thanks.
In your linky Exclus said this:
"I got the same excuses from lawyers as you. Even one from a solicitor I have known for nearly 50 years (we were in the same class at school) and had regularly met up over the past 20 or so years! It really is disheartening when, in essence, it's a perfectly simple operation. You may have seen the article written by a barrister and lawyer, specialising in debt recovery, saying that a restriction is useless. I contacted the conveyancing department of that solicitors (a large regional firm), and they told me that a restriction had to be paid at completion, completely ignoring what the partner in debt recovery had written in the article. I do hope that Niddy and the team can come up with a scheme to help soon. It's particularly annoying when the debt in question was initially unsecured, and when it went to court I had no idea the likes of AAD existed, or I might not be in this position now,"
He refers to the article I'd read.Last edited by mike'y; 26 February 2014, 18:35.Comment
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