Restons and cancelling a charge on property

wizard449

We have recently cleared off an MBNA debt in full through Restons.

The debt was originally secured on our house by Restons to prevent us selling it while monies were outstanding.

Having cleared the debt in June we today received a letter out of the blue from Restons demanding £728.60 to cover the costs, fees and other incidentals etc etc etc to remove the restriction on our house!!!!!

Where do we stand on this please? Are they allowed to do this and if so is there a precedent for reasonable costs.

We have no intention of moving in the foreseeable future so the restriction doesn't concern us particularly but, knowing Restons, doubtless someone has been through this with them before!!

Many thanks

sourcrates

My advice would be to give National Debt-line a ring tomorrow.

They should be able to help.

The number is in my signature below.

National_Debtline

Hi Wizard449,


There is a form that you need to complete to request the removal of a charging order from a property (I believe it is a UN4 form - which is free). This should be sent to Land Registry and normally they would write to the creditor and make them aware that you are applying to remove the restriction and they have a set period of time to object. If they object (on the grounds that money is still owing) then you may need to prove that you have fully settled the original judgement amount.


If you can satisfy sufficiently to Land Registry that you have paid the debt in full, or if Reston's don't object, the charge should be removed. Good luck,


Laura
@natdebtline

Land_Registry

Wizard449 - the UN4 is, as National Debtline mentions, for removing a charging order from a registered title. However that is only when it has been registered as a Unilateral Notice.

You mention that it is a restriction they need to remove (withdraw) or you wish to cancel.
If you wish to apply to cancel a restriction then it would be form RX3 you would need to complete and submit