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Hi,
Can anyone help. Have to go through equity release and been informed local council has a charge on property. This in form of a loan to update roof and electrics. Thought it was a grant this was in 2011. They say we need to pay original amount plus interest. Now there is a shortfall to settle mortgage and face homelessness. Was originally told that this charge would only be repaid if the property Changed ownership before 10 years. Can it be removed and paid off in installments.
Can anyone help. Have to go through equity release and been informed local council has a charge on property. This in form of a loan to update roof and electrics. Thought it was a grant this was in 2011. They say we need to pay original amount plus interest. Now there is a shortfall to settle mortgage and face homelessness. Was originally told that this charge would only be repaid if the property Changed ownership before 10 years. Can it be removed and paid off in installments.
