Remortgage with a charging order???

Tot_3

Just a quick question if anyone has the answer, I have an appearance soon egarding finalising a Charging Order on my home, and our mortgage deal is due for renewal in November.

The debt is wholly in my name, mortgage in joint names with my DW and payments from her bank account solely.

Will the CO (if it is finalised) prevent us from negotiating a new deal with our lender? Or does it mean that if we did go for a new deal then Incasso LLP (boo, hiss!) would want their money out of us at that point?

Thanks for any replies guys, appreciate your advice / experiences. :beer:

happybroker

if you stick with your existing lender then Incasso won't need to be contacted. If you move lenders then they will need to sign a deed of postponement and are within their rights to say no which would mean you have to repay them.

Tot_3

That means that w can only get a remortgage from The Coventry Building Sociryt then? Thats not so bad, as long as we can do it then thats a load off my mind, brilliant news, thanks ever so much!