Different amounts on Interim & Final CO

[steveiep]

Hi

I have a restriction with the Land Registry on my (jointly owned) house, which I'm in the process of selling. My conveyancer understands the process of informing the charge holder at the last minute and I'm aware that the debt won't go away afterwards, which I've budgeted for.

Having reviewed the paperwork from the court, the interim CO is for c£20k whereas the final CO is only for c£2k, due what looks like a digit being missed off. My question is, is the creditor due the £20k figure or will they be restricted to £2k?

Any advice would be gratefully received.

Thanks

[GBExile]

Hi

I have a restriction with the Land Registry on my (jointly owned) house, which I'm in the process of selling. My conveyancer understands the process of informing the charge holder at the last minute and I'm aware that the debt won't go away afterwards, which I've budgeted for.

Having reviewed the paperwork from the court, the interim CO is for c£20k whereas the final CO is only for c£2k, due what looks like a digit being missed off. My question is, is the creditor due the £20k figure or will they be restricted to £2k?

Any advice would be gratefully received.

Thanks

How much do you think the creditor is due? Is it £20k ish OR £2k ish? That is your answer.

If it is an error then they will come after you for the proper amount. The best you can do is sell & put the £18k aside & not spend it or tie it up in another house purchase.

[steveiep]

How much do you think the creditor is due? Is it £20k ish OR £2k ish? That is your answer.

If it is an error then they will come after you for the proper amount. The best you can do is sell & put the £18k aside & not spend it or tie it up in another house purchase.

The figure they're due is £20k. Having thought about it, without the restriction I suppose the CO amount is irrelevant anyway so the higher amount is what they will push for. I have put the £20k aside regardless.

Thanks