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  • FIRST POST
    • nicurro
    • By nicurro 12th Oct 19, 8:15 PM
    • 45Posts
    • 2Thanks
    nicurro
    Link financial property restriction
    • #1
    • 12th Oct 19, 8:15 PM
    Link financial property restriction 12th Oct 19 at 8:15 PM
    Hi,
    I am asking about a restriction on my property gained by link financial in 2011,
    The restriction relates to a debt my wife had in her name.
    The mortgage was in joint names if this is relevant as I read that there are rules for this scenario.

    It has come to light now as we are remortgaging the property.

    What will be the process for dealing with this?

    Will we be asked to settle the debt or can we still get the remortgage finished without settling the debt?

    If we need to settle are we better to negotiate a lower figure?

    Thanks

    Nic
Page 1
    • EssexHebridean
    • By EssexHebridean 12th Oct 19, 11:26 PM
    • 9,510 Posts
    • 48,990 Thanks
    EssexHebridean
    • #2
    • 12th Oct 19, 11:26 PM
    • #2
    • 12th Oct 19, 11:26 PM
    How was the property registered? Both names or just your wife's? (The names on the mortgage are irrelevant) also saying how it was held (Joint tenants or tenants in common) may help.

    What form is the restriction in, also?
    MORTGAGE FREE 30/09/2016
    SOA CALCULATOR (for DFW newbies): Stoozing.com SOA Calculator
    • nicurro
    • By nicurro 16th Oct 19, 8:36 PM
    • 45 Posts
    • 2 Thanks
    nicurro
    • #3
    • 16th Oct 19, 8:36 PM
    • #3
    • 16th Oct 19, 8:36 PM
    Hi,

    Property is registered in both names.

    Nic
    • WhenIam64
    • By WhenIam64 17th Oct 19, 5:42 AM
    • 764 Posts
    • 495 Thanks
    WhenIam64
    • #4
    • 17th Oct 19, 5:42 AM
    • #4
    • 17th Oct 19, 5:42 AM
    If we need to settle are we better to negotiate a lower figure?
    There was a debt. There was a CCJ. The CCJ was converted to a Charging Order and there is likely to have been some response by the debtor to the court paperwork.

    There are a lot more questions to be answered about the paperwork between you before asking here. A Charge is there to ensure they get paid in full.

    But you might get a more detailed answer to your subsequent questions here

    https://forums.moneysavingexpert.com/showthread.php?t=1839539&page=204#topofpage
    Unlike some here, I am not omniscient. If I am wrong correct me. I won't take offence.
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