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tcrabb

Question About The Charges Register

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I am have just viewed a property and after obtaining the a copy of the register from the Land Registry I see it has the following:-

---

In the Register Extract at top of document it says:

Lender(s): Bank of Scotland PLC
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In the Propietorship Register it says:

3 (28.08.2003) RESTRICTION: Except under an order of the registrar no
disposition by the proprietor of the land is to be registered without
the consent of the proprietor of the Charge dated 8 August 2003 in
favour of Bank of Scotland PLC referred to in the Charges Register.
---
In the Charges Register it says:

3 (28.08.2003) REGISTERED CHARGE dated 8 August 2003 to secure the moneys
including the further advances therein mentioned.
4 (28.09.2007) Proprietor: BANK OF SCOTLAND PLC (Scot. Co. Regn. No.
SC327000) of Birmingham Midshires Division, Pendeford Business Park,
Wobaston Road, Wolverhampton WV9 5HZ.
5 (28.08.2003) The Charge Certificate relating to the charge dated 8
August 2003 in favour of Halifax PLC is retained in Land Registry
(Section 63 of the Land Registration Act 1925)

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What possible reason could there be for point number 4 in the Charges Register? It is dated 2007 whereas the property was bought by current owner in 2003. Why the time gap?

Is there anything here to worry about if I were to buy it at auction?

Thanks for any advice.

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