Charging Order (????)

thedebtprofessor

getti wrote: »

Ok guys an update.

My dad just spoke to the original company owed the money (Cabots) who have not seen the copy of the letter we sent making an offer (Strange when the solicitors have and so did the court?)

Anyway they talked for a bit and my dad has to fax them tomorrow the copy of the offer made and they can then work out an installment offer to clear it.

This has totally put my mind to rest as they are looking for an installment offer which was what we were offering anyway so NOT looking for a force of sale.

Many thanks to everyone on here for your help and advise

hi getti, result! glad its put your mind at ease!

best wishes,

thedebtprofessor

getti

Thanks again to EVERYONE who helped put my mind at ease.

Last update is the FAX was sent to Cabot, my Dad has spoken on the phone to the person dealing with it and the payments of £1450 have been accepted and this is being sent out in writing with the final figure that was needed to be paid.

As the charge has gone on as security what do we have to do in 3 months once the full payment has been made?

Thanks again

penguin83

Glad to hear things sorted out getti.

Once the debt has been cleared, you need a letter from the creditor to state that the judgment has been paid in full and the date that the final payment was made. You will need to then forward a copy onto the court so that the judgment can be satisfied and your credit file updated. There is no fee to do this unless you want a copy of the certificate yourself in which case their is a £15.00 court fee.

It is the creditors responsibility to remove the charge against your property with the Land Registry so keep chasing them to ensure they do this.

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