Naive mistake now I need help reclaiming £26k

heartbreak_star

I think that's the best you're going to get I'm afraid!

HBS x

HPoirot

ford4000plus1 wrote: »

It is a registered charge against the propertybut with no clause for recovery or interest and will only be paid back on“alienation of the property” i.e. he dies or sells it. I have this year added a restriction with thesolicitors, so that he cannot sell without my authority, then I can stop the sale legally until theselling price reaches a satisfactory level to pay me back but that could be well . . . . . . . how long is a piece of string

What have the new solicitors said about ways of discharging the registered charge? You might be able to initiate action to force them to sell the property so as to recover your loan in certain circumstances but it might not be worth it for such a small proportion (I assume) of the value of the property.

paddyrg

I'd suggest focussing your energies on trying to sell your ex that £26k portion of the property you've got a charge against, so they can own it fully and you'll both finally be fully free. If you're enough of a pest (eg talking about blocking the sale/whatever) he may want to sort it all out for an easy life?