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I have a charging order of £2200 attached to a debtor's rental property.
They are currently in the process of selling this property and today I received a letter from their Conveyencer requesting I send them a completed and signed RX4 which would be "held on file" until completion of the sale, at which point it will be lodged and I would receive the outstanding amount.
Is this standard practice?
Am I correct in believing that monies will only be released to those who will be receiving (seller, outstanding mortgage, myself etc.) at completion if the RX4 has been lodged prior to then?
MTIA
They are currently in the process of selling this property and today I received a letter from their Conveyencer requesting I send them a completed and signed RX4 which would be "held on file" until completion of the sale, at which point it will be lodged and I would receive the outstanding amount.
Is this standard practice?
Am I correct in believing that monies will only be released to those who will be receiving (seller, outstanding mortgage, myself etc.) at completion if the RX4 has been lodged prior to then?
MTIA
