Quizzes & Puzzles29 mins ago
Charges on property
If 3 people own a house and all three are named on the Land Registry can 2 of the owners raise a loan and charge on the house without the knowledge and agreement of the third owner?
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For more on marking an answer as the "Best Answer", please visit our FAQ.Am I correct in saying that if the bank wants to recover the loan or re-mortgage they cannot take possession of the house without the agreement of the third owner. Does this mean that the bank would have to negotiage with the third owner who does not live in the house and had no idea that a loan/re-mortgage had been applied for and obtained. It looks like a criminal offence may have been committed.