ChatterBank0 min ago
Charging order
3 Answers
I have a charging order on my home, a mortage and a secured loan. Can i sell my home as I want to get rid of the large secured loan, but, I won't have enough to pay off teh charging order. I will be able to buy another house as i canget a small deposit from my family. Can I move with a charging order and re-secure it on my new home?
Answers
Best Answer
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For more on marking an answer as the "Best Answer", please visit our FAQ.You have to pay the charging order off first, before you pay off the loans and mortgage. You will not be able to re-secure it to another home which is why companys go for the charging order.
You will have problems getting another mortgage with a CO on your house.
Sorry, but you have to pay the CO first, there is no way round it.
You will have problems getting another mortgage with a CO on your house.
Sorry, but you have to pay the CO first, there is no way round it.