Charging orderrepayment question.

madasaboxoffrogs

Hi,

I have a chargin order on my property with HSBS....they have offered me a reduced settlement figure...If I pay this, and sell the house, can they clain the rest back?

TBagpuss

If they agree to accept the reduced amount in full and final settlement, and to remove the charge, no, provided of course that you are honest in answering any questions they asked about your means, and in a information you gave them.

Thrugelmir

madasaboxoffrogs wrote: »

Hi,

I have a chargin order on my property with HSBS....they have offered me a reduced settlement figure...If I pay this, and sell the house, can they clain the rest back?

The lender won't. The remainder of the debt will be written off. This is a genuine offer. Which may well be advantageous to both you and the lender.

madasaboxoffrogs

Thanks. We are not planning to sell, but they said something about a condition attached In case we sell.