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Equitable charges.
PeonySugar
Posts: 74
Forumite
Has anybody bought a house before with equitable charges on it before? I've seen a property this morning online, checked the title deeds and there's 3 equitable charges on it. I emailed the estate agent who assured me that it's in probate and being dealt with by a solicitor who has set the asking price to cover the associated costs, but is there anything else I need to be looking out for or be careful of?
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Comments
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Equitable charges are registered to protect a third party interest and would normally be dealt with, namely settled, before the sale goes through.
The conveyancing key is to ensure that the necessary undertakings are in place to get the cleared during the sale process. If probate is involved then the executors dealing with the deceased's estate will presumably do this for you.“Official Company Representative
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