Removing old registered charge on title deeds

kie123

Hi,

In 1998 my parent in laws re mortgaged their farm. They split the property into 2 sets of title deeds, 1 for the land and the other for the farm house. They were to retain the land mortgage free and borrow money against the house. For some reason which is unclear a charge was registered on both sets of deeds for the same mortgage company.

Since then they have remortgaged on the farm house a number of times but the charge on the land has remained unchanged.

They would now like to sell the land but have been told they cant until the charge is removed. The mortgage company listed on the charge went into liquidation in 1999 and their solicitor is struggeling to find a successor to the old mortgage companies assets to remove the charge.

The land registry have said the charge can be discharged but only if sufficient proof can be provided. Their solicitor has been given all the information my parent in laws have but appears unable to get the charge removed.

Are there any alternative routes to having the charge removed or any other advice would be much appreciated?

Many thanks

G_M

Only the LR can remove the Charge. They have requested " sufficient proof" which is not surprising.

So their solicitor will have to pursue the question of who took over from the lender.

BuntyB

What is the name of the mortgage company? Someone on here may be able to provide some helpful info.

kie123

The original mortgage company was called first alliance mortgage company limited. They may have been taken over by a company called Paratus although they seem to have stopped trading very shortly after!

Everyone their solicitor tries to contact either has no record or doesnt reply which I would have though would be sufficient evidence to show that no one has a vested interested?

TrickyDicky101

kie123 wrote: »

Everyone their solicitor tries to contact either has no record or doesnt reply which I would have though would be sufficient evidence to show that no one has a vested interested?

That clearly isn't the case - just because you get no response is no indicator in any way that a vested interest no longer exists.

Senior_Paper_Monitor

Does your solicitor have Google ?

© Paratus AMC Limited, Registered Office: No.5 Arlington Square, Downshire Way, Bracknell, Berkshire RG12 1WA. Registered in England with Company No. 3489004
Paratus AMC Limited is authorised and regulated by the Financial Services Authority. Our registration number is 301128.


From the FSA register ....

Current status: Authorised Effective Date:31/10/2004Tied Agent:Undertakes Insurance Mediation:YRegistered under Money Laundering Regulations:Address: 5 Arlington Square
Downshire Way
Bracknell
Berkshire
RG12 1WA
Phone:
Fax:
Email:
Website:
44 0844 770 8000
44 0844 770 8010
[EMAIL="deirdre.byrne@paratusamc.co.uk"]deirdre.byrne@paratusamc.co.uk[/EMAIL]
www.paratusamc.co.uk
Notices: Unable to hold client money.
Other information:



From the website:

Paratus AMC operates in several different European countries, taking advantage of experience gained across three continents: Asia, North America and Europe.



Our UK servicing platform, Paratus AMC Limited, works closely with individual borrowers to provide innovative and unique borrower driven repayment solutions that best meet the financial needs of the borrower and ensure that the quality and value of financial asset based portfolios are optimised.

Bringing together an international management team, with a depth of experience gained across many countries over many years, Paratus AMC Limited is building a strong reputation in the UK, as are the Paratus AMC operations in other European countries.



CONTACT US:

Should you like to write to us directly on matters regarding your loan, please use the following address for correspondence:



Paratus AMC Limited
PO BOX 4189

Bracknell

RG42 9LY


Tel: 0844 770 8030
Fax: 0844 770 8040





Should you like to write to us directly on general matters please use the following address for correspondence:



Paratus AMC Limited

No.5 Arlington Square

Downshire Way

Bracknell

Berkshire

RG12 1WA

Senior_Paper_Monitor

So that's 5 minutes work, for which the solicitor's will charge a minimum of an hour I would guess.

And then there's how many hours they have charged so far ?

Presumably they will forwarding my fee shortly ?

(I retract the sacasm if its the wrong Paratus - I don't have the benefit of the initial paperwork [but they do seem to match the activity] - but I bet they would know of any other company of the same/similar name)

kie123

Senior_Paper_Monitor wrote: »

Does your solicitor have Google ?

Sometimes I doubt it!

First alliance changed to RFC mortgages before going to Paratus. I think they have remortgaged after this with oakwood home loans!

My concern is that if non of these companies have any records relating to that title number, the mortgage company on the title deeds doesnt exist anymore and my parent in laws dont have any further evidence to support their claim they will have run out of options if the land registry wont accept this as sufficient evidence.

Dont realy know what else to do as their situation is getting quite critical and this has been ongoing for over 3 months now.

So that's 5 minutes work, for which the solicitor's will charge a minimum of an hour I would guess.

And then there's how many hours they have charged so far ?

Presumably they will forwarding my fee shortly ?

:cheesy: whatever you want just as long as you can help get the charge removed!

Senior_Paper_Monitor

If your solicitors can't sort this out in a morning I would be of the opinion that you want new solicitors.

Strictly speaking this doesn't even need a solicitor - you (or to be more exact your paents) - could do this themselves - and/or could commission help from any suitable third party (they would just have to sign documents as only the registered tenants, solictor or licensed conveyancer can sign).

It should be comparatively easy to trace this through (as I just demonstrated - you hadn't told us about Oakwood) and get the individual companies to confirm they don't wish to hold charge.

You woudl need to confirm what mortgages/charges you believe to exist.