Buying a property with a charge registered against the title

Buying a property with a charge registered against the title

Author
Discussion

Sarah_W

Original Poster:

288 posts

182 months

Thursday 23rd April 2009
quotequote all
What happens if you buy a property at auction (repossession) which has a charge registered against the title deeds (found from land registry website). Does this charge have to be paid off by the mortgage company on completion, or could I be liable for taking it on?

Tere are 2 charges - the most recent one seems to be the building society that is repossessing the property. Is it normal for there to be a charge and for it to be the responsibility of the seller to pay off?

Sarah_W

Original Poster:

288 posts

182 months

Thursday 23rd April 2009
quotequote all
Thanks folks - my solicitors charge 100 plus VAT per hour and work in 30 minute blocks, so asking them the odd question here and there starts to become pricey.

Thanks ever so much for your kind help :-)