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Charge On Houses


Alan B'Stard MP

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Any help would be gratefully appreciated.

If I put a charge on a house - can I have the that charge put in % terms - or can it only be a nominal charge?

Thanks in advance,

well, banks put a % on in the great "get a free loan in exchange for equity" scam.

So, I suppose yes you could.

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Any help would be gratefully appreciated.

If I put a charge on a house - can I have the that charge put in % terms - or can it only be a nominal charge?

Thanks in advance,

You charge a property to secure a debt and as such it means that if you default on the debt then the charge-holder gets paid first upon the sale of the house. This may or may not cover his debt and may or may not leave you with a residual amount.

I don't think that a charge can be a specific percentage of the property. If you wanted to do that you would have to register the other party as a joint owner as a Tenant in Common (as opposd to Joint Tenants) and specify in what percentages you each hold it.

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You charge a property to secure a debt and as such it means that if you default on the debt then the charge-holder gets paid first upon the sale of the house. This may or may not cover his debt and may or may not leave you with a residual amount.

I don't think that a charge can be a specific percentage of the property. If you wanted to do that you would have to register the other party as a joint owner as a Tenant in Common (as opposd to Joint Tenants) and specify in what percentages you each hold it.

Thanks, seven of nine.

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  • 419 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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