Northern Rock De-linked loan causing a charging order on property.

Gesbez

I am hoping someone can shed some light on this Northern Rock issue that's been stuck with me since 2009. I currently have a charging order on my property which got put on in 2009 after a court order. Me and my sister got a Northern Rock together mortgage in 2004 when we bought a property together and with this together mortgage we got a unsecured loan for 22.000k which we used to clear debts for a fresh start to things. We paid off 10k of this loan over 3 years so the loan was standing at around 12.000k remaining in 2007 at which time we sold the property and I bought an apartment on my own. We suddenly got a letter saying the loan had gone back up to 22.000k and because we didn't see the small print (not picked up by my solicitor or even my mum who was a mortgage advisor) that if we switched lenders or sold the property that the interest would go up something crazy. We were so devastated by this especially as we had used the money to pay off debts and had been getting straight to then end up with the original amount of debt again that we didn't make any further payments, this is what resulted in the charge on my property in 2009. This had now been on there for over 11 years and I have just left it over this time as the flat has always been in negative equity after the crash so I knew they would not make me sell it with no equity in it for them. I am aware that this debt has been sold on many times to different people and been all over the place the last 11 years and I am wondering if anyone has had a similar experience or been able to get the charge removed or the debt reduced. Can Northern rock or whoever now owns this debt eventually make me sell the apartment once there is enough equity to get their money back? has anyone fought this through lawyers ?  This debt from this charge is shared with my sister and she is under the impression that we can get the charge removed after 12 years because we have not had any contact with them since 2009. But I got told by the land registry it will never come off because they had a CCJ and requested me to go to court (which I did not attend as I suppose I was young and burying my head at the time) I am not wanting to sell my property for a long time as I now live in Australia and have been leaving it to gain some equity. I don't  know if I should try to find out who owns the debt arrange a payment plan.  My sister put some of her profits from our house sale into my apartment (quite a lot less than the mentioned debt amount) and now she wants me to pay her back that money but my worry is that I will get left with the debt from the charge and it won't come off without paying it off as she thinks. Any advice would be good as I am a bit loathe to poke a sleeping giant at the moment but need to work something out. Did anyone take out a northern Rock together mortgage back in 2004 or does anyone have any experience of an old Northern Rock debt? Any advice would be much appreciated. 

Gesbez

Has anyone on here got a together mortgage with Northern Rock taken out in 2004 or around that time? 

RelievedSheff

We had a Together Mortgage with Northern Rock from 2007 to 2019 which we paid off last year when we moved to our current house.

If you read the terms and conditions of what you signed up too then you will see the relevant conditions relating to delinked loans and the interest rates applied. Unfortunately you agreed to those terms and conditions when you signed up for the mortgage.

TrickyDicky101

The charge came about as a result of a CCJ in which case there is no statute of limitations to potentially remove the threat of legal action to enforce the debt (as that has already happened).  In any case, the registered charge is separate from whether the lender (or debt owner) could take enforcement actions through the court.  You won't be able to sell the property without coming to an agreement with the charge holder - that's the value of the charge to the lender.