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How do I see amounts owed on the Charges Register?
John_Chip
Posts: 38 Forumite
Hello
I'm going onto the Land Registry to check the registered charges against a property.
But it does not tell me the amounts owed.
Just that there are charges and who they relate to.
On the document it just says - NOTE: Copy Filed
How do I find out the amounts owed?
Thanks
John
I'm going onto the Land Registry to check the registered charges against a property.
But it does not tell me the amounts owed.
Just that there are charges and who they relate to.
On the document it just says - NOTE: Copy Filed
How do I find out the amounts owed?
Thanks
John
0
Comments
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You can't.
That is confidential informtion between the property owner and the Charge holder.
Why do you want to know?0 -
I'm interested in buying the property - what I offer would be influenced by what is owed.0
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do you seriously think that the value of the property is based on how much debt it is carrying? Whether the price it sells for is enough for the vendor to clear their debts and still make a profit is none of your business and the size of any profit they make is not something you have any right to know or should in anyway be an influence on how much you offer.what I offer would be influenced by what is owed.0 -
What a strange idea.I'm interested in buying the property - what I offer would be influenced by what is owed.
The debt of the current owner has no relation to the market value of the property.
Would it be worth more, or less, if the owner
* had a small mortgage, but massive credit card debt, lease on his car, and huge debts to a gambling casino
* had a massive mortgage, but no other debts
* had a tiny mortgage and no other debts
???? :huh:
It's the same property you'll be buying.
And if you are considering a negotiating stance (ie seller might be in negative equity) you still have no idea of the rest of his finances, or his personal circumstances (which might make him desperate or not that bothered to sell.0 -
It's not that strange - if the seller wants a quick cash sale to clear secured debts against the property and move on then that deal is worth whatever both parties agree on. The market value can indeed be X but if the seller needs a quick solution then it's Y.0
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agreed, but none of your business for precisely that reasonIt's not that strange - if the seller wants a quick cash sale to clear secured debts against the property and move on then that deal is worth whatever both parties agree on. The market value can indeed be X but if the seller needs a quick solution then it's Y.
if you want to exploit someone in financial difficulties you will need to find a different way to do it0 -
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Presumably a new thread rather than a continuation of this;-
https://forums.moneysavingexpert.com/discussion/5684682I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Jenniefour wrote: »And what the vendor might accept could be influenced by how much is owed as well,.
Exactly right0
Ageing is a privilege not everyone gets.
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