Sale of a charging order 30 October 2016 at 1:39PM in Debt-free wannabe 1 reply 458 views

Manchester_Lisa

Can HSBC who have a charging order on my property for a debt that was a loan sell that charging order on to someone else so that the debt is then owed to someone else. Similarly to where unsecured debts are sold on to other debt collecting companies.

Thank you

sourcrates

Manchester_Lisa wrote: »

Can HSBC who have a charging order on my property for a debt that was a loan sell that charging order on to someone else so that the debt is then owed to someone else. Similarly to where unsecured debts are sold on to other debt collecting companies.

Thank you

Hi,

No they cannot do that, as a charging order is only granted to a creditor after a county court judgement has been awarded in there favour.

This secures the debt against the property, for the benefit of the creditor only.