NORTHERN ROCK/CHARGING ORDER

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pm.e

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Post by pm.e » Sun Sep 16, 2007 12:53 pm
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Hi,

If NR were to be sold or went bust, what would happen to a charging order that they have on our home? (its only in my wife's Beneficial Interest)

The terms of the charging order make us pay a small monthly payment each month as ordered by the Judge to NR.

If NR is sold, would the charging order that they secured become null and void?

I also assume that the mortgage we have with them would just transfer to the new company???

Any help would be appreciated.
Many thanks,
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mikebdomain

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Post by mikebdomain » Sun Sep 16, 2007 3:09 pm
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IF their sold or bought out. All beneficial interests will pass to the new company, your charging order will stand…

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pm.e

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Post by pm.e » Sun Sep 16, 2007 3:54 pm
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Many thanks for your help,
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