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Charging Orders/Restrictions


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Hi

 

I found some interesting stuff on moneysavingexpert about Charging Orders/Restrctions.

 

It seems like if you are joint owners of a property and you are the sole debtor, they can only place a Restriction on the property, not a CO

 

Never knew this, thoughts anyone?? :)

 

 

Charging Order? The myth - MoneySavingExpert.com Forums

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I think you'll find CAG member Funky Fox posted this gem here on CAG some time earlier - http://www.consumeractiongroup.co.uk/forum/show-post/post-1922057.html

 

There is currently a sticky written by sequenci regarding Charging Orders in the Legal Issues forum - http://www.consumeractiongroup.co.uk/forum/legal-issues/203298-guide-charging-orders-orders.html

 

All good advice and hope it is helpful to someone who needs it. :)

 

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  • 3 weeks later...

Just wanted to add to this important topic. There is a very interesting article at the followng link relating to this very topic http://www.bllaw.co.uk/pdf/financeandrecoveries_0806_charging%20orders%20on%20property.pdf

 

I am in the process of, hopefully successfully, selling my house with one of these restrictions. I will update with my story once I have one to tell.

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