Land Registry Charge Error

Vaughny29

Hi there, I really hope you can help me. In 2006 we took out a secured loan with First Plus. The loan was paid off in full in 2007. This was the last we thought about it until we came to sell our property. On 28th November we exchanged contracts, on the 30th our solicitor rang to advise he had paid off our mortgage but needs details of the second charge on the property so this could be paid off too. It was from this and numerous phone calls, we realised that the charge had never been removed when the loan was paid. This whole spectacle started over two weeks ago and we are still waiting, with my solicitor getting more and more agitated with the whole situation. To make matters worse, I am presently off work with anxiety and depression, which is only being exasperated by all of this. We have been offers compensation from the bank, but I wanted to know where we stand legally before we accept or reject the offer?

Many Thanks

boo_star

You should ask for the charge to be removed.

Nothing more, nothing less.

I'm not sure why your solicitor is dragging their feet. You're paying them to sort this stuff out, not the other way round.

TrickyDicky101

Have First Plus started the process of removing the charge? When do you complete (or should that already have happened)?

Vaughny29

They have started the process, it’s just taking ages. We should have completed 2 weeks ago!!!