Unilateral / Charging Order how does it work?

ChristineSharp

I did a lot of work renovating a house and I got something called a unilateral order attached to the property to makes sure I got paid when the house is sold. The deal is I get a percentage of the profits.

The house is under offer and the sale looks like it's going ahead.

Anyone know what I should do next? When do I get notified? How do I find out the final sale price?

Guest101

Until contracts are exchanged nothing, but thereafter ask the seller who the solicitor is?

ChristineSharp

The seller and I fell out, hence the unilateral order. The Estate Agent have told me the house is sold (I only found out by seeing it advertised). Nobody is going to inform me as far as I can see. Is there some automatic process that happens when they exchange contracts or that prevents them from exchanging contracts unless the charge has been satisfied?

G_M

I suggest you read this (or use google.......):

https://www.irwinmitchell.com/about-us/newsletters/im-on-the-money/im-on-the-money-issue-two/unilateral-notices-exploding-the-myths

Guest101

ChristineSharp wrote: »

The seller and I fell out, hence the unilateral order. The Estate Agent have told me the house is sold (I only found out by seeing it advertised). Nobody is going to inform me as far as I can see. Is there some automatic process that happens when they exchange contracts or that prevents them from exchanging contracts unless the charge has been satisfied?

The estate agent could mean sold or 'sold'.


No the charge is satisfied when the house completes. The solicitor should know this, as they will check for outstanding charges.


Are you sure there is a charge on the property, £3 land registry check could be worth while here.


https://www.irwinmitchell.com/about-us/newsletters/im-on-the-money/im-on-the-money-issue-two/unilateral-notices-exploding-the-myths


You actually went to court, or atleast submitted a claim etc correct? You haven't moved house since then?

Guest101

G_M wrote: »

I suggest you read this (or use google.......):

https://www.irwinmitchell.com/about-us/newsletters/im-on-the-money/im-on-the-money-issue-two/unilateral-notices-exploding-the-myths

You win this round!

G_M

OP does not mention a Charge. She says "unilateral order"........

Guest101

G_M wrote: »

OP does not mention a Charge. She says "unilateral order"........

Sorry, looking at the title, which is why I wasn't sure if the OP was using exact terminology or simply swapping the usage of (key) words