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What is a charge registered against a property?

We were in the middle of transferring names on the deeds when we were advised by a solicitor, there is a charge registered against the property.....
 
Unfortunately I didn't see the message in time so I couldn't ask the question but what does this mean?

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    A charge means that another party has a financial interest in the property. Change of ownership has potential consequences for the charge holder. 
  • S_C
    S_C Posts: 39 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    edited 29 April 2022 at 7:24PM
    So who could have added this and what is involved to remove this? 

    Just realised a sentence on the declaration of trust. Not sure what this is saying

     This register contains any charges and other matters that affect the land.  
    A Transfer of the land in this title and other land dated 10 January 2005 made between (1) AAAA and (2) BBB

    1

    Trading Limited contains restrictive covenants.

    A Transfer of the land in this title dated made.

    between (1) AAA (2) CCC

    (Cell G) Limited and (3)  NAME 1 AND NAME 2 contains a reservation of a rentcharge as therein mentioned.

    The said Deed also contains covenants.
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