Loans

Haza24

Hi everyone new to this today , just wondering has anyone came across a secured loan that you were informed that they the company were writing it off. Then 10 years later we decided to remortgage and just as we were ready to complete it the solicitor contacted me us to say that something had came up on the title and deeds, they informed us that a loan company from over a decade ago had put a charge on our property and asked if we were aware of it my reply was we did not have clue about it. So I’m hoping to get some help on here as to what to do next and what steps we should take. Thanks

MEM62

What type of loan was it originally?  If secured then there would have been a change on your property originally.  If not then the lender must have taken the matter to court in order to secure a charging order.  The order will be lifted when you settle what you owe to the lender.     

horsewithnoname

Why would a company write off a secured loan?