How can I find debt attached to my property.?
- Thread starter kingrollo
- Start date
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OP
OP
kingrollo
Guru
Not sure. I suppose any business loans secured against the property?
fossyant
Ride It Like You Stole It!
- Location
- South Manchester
If he can't prove he owns your property then there surely should be no debt/charge attached as he technically can't do that. Worries me too as son has a business that's registered at our house which he's been told we aren't happy about given how slack he is at 'admin'.
Seevio
Guru
- Location
- South Glos
Is it even possible to legally secure a loan against a property that you don't own?
roubaixtuesday
self serving virtue signaller
No, that would be fraud.
OP
OP
kingrollo
Guru
Yeah my son is a lot more cavalier with money than I am - not adverse to risk taking. Its just a hassle I could do without at my age.
Emanresu
I asked AI to show the 'real' me.
Not quite. If you have failed to pay a loan and it becomes delinquent, you can apply to a court to have a charge put against an asset - the Charging Order mentioned above. Depending on who actually lives in the property, the court can force a sale if it is equitable to do so.
People not paying Council Tax for example, can have Charging Orders placed against the property. The idea is that when it comes to selling, the conveyancer has to alert those with a Charging Order about the sale so they can take steps to recover what they are due.
https://nationaldebtline.org/get-information/guides/charging-orders-ew/
Drago
Legendary Member
- Location
- Suburban Poshshire
If he's misrepresenting the situation at any level (eg, stating Dad had agreed to it when he hadn't, fibbing about who really owns the property, etc) when applying it would most assuredly be an act of criminal fraud.
I'm sure this isn't the case here though.
I'm sure this isn't the case here though.
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Seevio
Guru
- Location
- South Glos
If I read the linked article correctly, the debtor must have at least a partial share in the ownership of a property for a charging order to be granted. It doesn't seem right that the courts can force the sale of somebody else's property to settle your debt.
wiggydiggy
Guru
An extra thing you can do is register with the land registry (it's free) to give you alerts on any attempted changes to the deeds.
Edit: Register!
Edit: Register!
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Emanresu
I asked AI to show the 'real' me.
@kingrollo Have you applied for a recent copy of the title to your property from Land Registry. Only a few quid online and should put your mind at rest. Or you can pay someone like Experian to monitor your account (£15/month?) so any debt in your name gets picked up.
My daughter had a debt taken out in her name (we've an usual surname) at an address she had not contact with. Took a few months to get is sorted as those that had lent the money can be quite determined to believe you are conning them despite evidence to the contrary.
My daughter had a debt taken out in her name (we've an usual surname) at an address she had not contact with. Took a few months to get is sorted as those that had lent the money can be quite determined to believe you are conning them despite evidence to the contrary.
OP
OP
kingrollo
Guru
Yeah Im thinking of doing the land registry thing
presta
Legendary Member
Some people even discover their houses have been sold without their knowledge.
I have done that as it is free of charge. I also receive a six month notification that nothing has changed.
