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    How easy is it to put a second charge on a property where the owner agrees ?
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    • 17th Jul 11, 3:54 AM
    How easy is it to put a second charge on a property where the owner agrees ? 17th Jul 11 at 3:54 AM
    Say someone has a property with a mortgage and I want to lend them a large sum of money and take a second charge on their property as security. Just how easy is that ?

    Moving on, can this second charge be variable, based on criteria fixed when the charge was placed on the property ? An example could be a variable interest rate on the debt and thus the charge.

    Alternatively, can you put a charge for 1,000,000 on a 100,000 property to cover any eventuality ?

    All with owners consent of course.
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