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Delving in Deeper on property Charges
hummy
Posts: 194 Forumite
Not sure this is the right area to put this post...but it seemed the most appropriate so i thought i would put it on here.
I wanted to find out if it is at all possible to find out more about charges on a particular property over anbd above what the land registry details give.
The reason for this is that i am looking to puruse a couple of people for a debt, unrelated to property and wanted to understand their financial footing first before proceeding with legal action. They have two properties. One is a commerical property jointly owned with their brothers. This is rented out and they receive an income from this.
However i suspect it will be difficult to get a charge on this due to the following two restrictions:
1 (07.05.1997) RESTRICTION: No disposition by a sole proprietor of the land (not being a trust corporation) under which capital money arises is to be registered except under an order of the registrar or of the Court.
2 (30.10.2007) RESTRICTION: No disposition of the registered estate by the proprietor of the registered estate, or by the proprietor of any future registered charge, is to be registered without a written consent signed by the proprietor for the time being of the Charge dated 26 September 2007 in favour of Commercial First Business Limited referred to in the Charges Register.
They have a residential property with one charge already on there with Welcome Financial services which was put on in 2006. They have owenedc this house for over 10 years so i think there is some equity in it. I know the price they paid for the property and beleive the value has increased quite considerably going by the value of recent sales in and around that area. However, i do not know the value of the charge or the mortgage outstanding on the property.
Are there any public ways of finding this information or any way a solicitor might be able to find this out.
Thanks
I wanted to find out if it is at all possible to find out more about charges on a particular property over anbd above what the land registry details give.
The reason for this is that i am looking to puruse a couple of people for a debt, unrelated to property and wanted to understand their financial footing first before proceeding with legal action. They have two properties. One is a commerical property jointly owned with their brothers. This is rented out and they receive an income from this.
However i suspect it will be difficult to get a charge on this due to the following two restrictions:
1 (07.05.1997) RESTRICTION: No disposition by a sole proprietor of the land (not being a trust corporation) under which capital money arises is to be registered except under an order of the registrar or of the Court.
2 (30.10.2007) RESTRICTION: No disposition of the registered estate by the proprietor of the registered estate, or by the proprietor of any future registered charge, is to be registered without a written consent signed by the proprietor for the time being of the Charge dated 26 September 2007 in favour of Commercial First Business Limited referred to in the Charges Register.
They have a residential property with one charge already on there with Welcome Financial services which was put on in 2006. They have owenedc this house for over 10 years so i think there is some equity in it. I know the price they paid for the property and beleive the value has increased quite considerably going by the value of recent sales in and around that area. However, i do not know the value of the charge or the mortgage outstanding on the property.
Are there any public ways of finding this information or any way a solicitor might be able to find this out.
Thanks
0
Comments
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anyone out there?0
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Unsure as to why you would want to go to such lengths prior to making a claim in court for the debts owed. As the situation could change at any time.0
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Without breaking Data Protection laws.............no way....0
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