HMLR - Registered Charge

[Anglais]

Hello, I'm Anglais new to the forum and would really appreciate some help with regards to a Secured Loan Charge that is held at Her Majesty Land Registry however has the wrong Agreement Number is attached to it.....What does this mean in the long term?? does this mean that the charge is valid or not ?? can it be acted upon if the document held at HMLR relates to a settled loan/charge??? any help please....

Thanks and look forward to hearing from any one at all....

[nemesis45]

Re: HMLR - Registered Charge

Hi welcome to LB.

If the loan referred to in the charge has been paid/settled then the charge is spent anyway.
Is this the case?

nem

[Anglais]

Re: HMLR - Registered Charge

Hi welcome to LB.

If the loan referred to in the charge has been paid/settled then the charge is spent anyway.
Is this the case?

nem

Hi nemesis

Thanks for responding so quick.

We took out a loan in 2006 and re-financed again in 2007 yes short period but whats done is done, the loan in 2007 superseded 2006 loan however the legal charge was not changed with the new agreement number and legal charge document and HMLR have confirmed that they do not have any other legal charges registered apart from the 2006 one.

[nemesis45]

Re: HMLR - Registered Charge

IMO I think that charge is no good

nem

[Anglais]

Re: HMLR - Registered Charge

nem

Thank you by the way for a most gracious welcome.

Anglais

[Anglais]

Re: HMLR - Registered Charge

IMO I think that charge is no good

nem

Hi nem,

You think the current charge is no good because it was paid by the loan in 2007 for which HMLR have no legal charge for but do for a loan in 2006 which was paid off??

A

[nemesis45]

Re: HMLR - Registered Charge

Yes.

[Anglais]

Re: HMLR - Registered Charge

nem

Thank you by the way for a most gracious welcome.

Anglais

Dear All,

Can any one answer please ?? If the company the loan was taken out with has since gone into liquidation several years ago but subsequently sold the loan to another company where would the new owner of the loan stand if the legal charge at HMLR relates to the wrong loan and Agreement Number as far as it been secured against the property ??

Thanks A