charge on property

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dry debt rot

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Post by dry debt rot » Wed Apr 02, 2008 10:00 am
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hi everyone
can anyone help with this please i have seen that i have 2 charges on my mortgage one from the iva company is this normal? and 1 from blackhorse these were added to the iva but this wasnt a secured loan so i cant understand why they done this do you think i should contact them about it or when they are paid on completion will they lift it?i keep thinking that when the iva is completed they will not lift it and ask for more money etc etc

regards
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MelanieGiles

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Post by MelanieGiles » Wed Apr 02, 2008 10:15 am
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Your IP will have lodged form RX1 (which you will have signed) at H M Land Registry, which effectively stops you from selling your property without their prior knowledge. This is quite normal, and will be removed once the IVA has concluded.

As Black Horse were already secured, I am unclear why they were included in your IVA in the first place?
Last edited by MelanieGiles on Wed Apr 02, 2008 10:16 am, edited 1 time in total.
Regards, Melanie Giles, Insolvency Practitioner
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dry debt rot

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Post by dry debt rot » Wed Apr 02, 2008 10:22 am
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hi thx Melanie
the blackhorse loan wasn`t secured will they lift it after completion?

regards
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ianmillington

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Post by ianmillington » Wed Apr 02, 2008 10:33 am
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Did Blackhorse get a CCJ against you and then a Charging Order?

Ian
Ian Millington
Insolvency Director
PDHL Ltd (formerly Personal Debt Helpline Ltd)
www.pdhl.co.uk
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Jo Rolland

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Post by Jo Rolland » Wed Apr 02, 2008 11:09 am
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As Ian says, it may be that the charge was present at the time your IVA was finalised, but I am sure that your IP would have been aware of this.

If there was not a CCJ against you for this debt prior to your IVA, I would contact your IP and let them know and let them deal with it.
Jo Rolland
Debt Alternatives
For free, ethical, impartial advice, please visit
www.debtalternatives.co.uk
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