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Response to help re b&b

from who (who@idontwanttosay.com)
A legal charge is a notice registered with the land register which stops you from selling your house until you satisfy (pay) what the lender claims you owe them.

The lender can also apply to court to get a possession order (allows them to sell the property to claim their debt - subject to other charges in priority) if the debt remains outstanding with no proposal to pay - if this ever happens get immediate expert advice from organisations mentioned on this web site under who helps.

When a lender applies to the land registry the registry notify you in writing that the lender is claiming that you owe them money and that if you do agree you must contact them. The lender usually but not always obtains a county court judgement which is used as evidence to claim the charge with the land registry.

If you dont have any assetts (property) then this 'legal charge' comment means nothing and is purely a threat

Unfortunately this is all very technical and much more detailed than this explanation. From the brief outline you provide, no real advice can be given about your particular situation. If you need further info: -

Do you now own another house? and if so have you ever received letters from the Land Register?

Have you or any repressentative you chose to help you ever replied to their letters and if so was an offer of payment made or financial information provided to them without you stating the debt is disputed

Has the lender obtained a money judgement against you for the shortfall

When (approx) was the property repossessed

Was this repossessed mortgage a joint mortgage and if so has the other party made a payment to your knowledge.

You say you have received threatening letters in last 3 years, was the first letter after feb 2000 if it was read the CML policy information on this site.

(posted 7545 days ago)

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