Debts in the News
Pay Your Mortgage Before Unsecured Debts.
We are getting more and more enquires from homeowners looking for repossession advice. A typical situation is that they have built up mortgage arrears in order to keep up with unsecured loan repayments. [more...]

The End Of The 100% Mortgage
The Abbey, the only remaining lender to offer a 100% mortgage are to pull this offer on 9th April. [more...]

1 in 4 Borrowing To Consolidate Debt Go On To Borrow More.
A quarter of people taking out a loan to consolidate their debts go on to borrow more, according to a survey commissioned by Uswitch. [more...]

Mortgage Criteria Gets Stricter
Borrowers are finding it tougher to find a mortgage as cautious lenders continue to withdraw and change deals. [more...]

Charging Orders - Free Help and Advice

A Charging Order is one of serveral options a Creditor has to enforce a CCJ. It works by securing an unsecured debt against a debtor's property or other assets, this is called placing a charge on the property/asset.

article keywords: Charging Orders

From the creditor's point of view, a charging order will not normally get them their money immediately. What it means is that if the property/asset is sold, the charge has to be paid to the creditor before any of the proceeds of the sale are passed on to the debtor.

A charging order in itself does not force a debtor to sell a property.

If the debtor has other assets of value, the court can put a charge on these instead.

If there are already loans secured on the property before the charging order is registered, for example a mortgage, then the original loan/mortgage will be repaid first.

Interim and Final Charging orders

Application for Charging Orders are initially dealt without a hearing, by a district judge. If happy with the application, the district judge will then:-

When can someone apply for a Charging Order against me?

After an high court or county court judgment when:-

How can I contest a charging order made against me?

The court must consider whether it is reasonable to make a charging order. Under the Charging Orders Act 1979 the court has to consider all the circumstances of the case.

Some factors that the court may consider:

What To Do Next

If you are worried about being subject to a Charging Order, then please call us for FREE advice or submit the form on the right of this page.

We can help make an offer that will be affordable to you and acceptable to your creditors. The sooner you ask, the more chance we have of being able to help you.

Can't find what you're looking for here ? Try:-

Bankruptcy Alternatives
Debts over £15K ? An IVA maybe the solution for you. upto 70% of all Debts written off.

Bad Credit Loans

Specialists in helping UK residents who have been refused a loan elsewhere.

Home Owner Loans UK
Experts in finding UK Homeowners the best Secured Loan or Remortgage.

See Also Abacus Debt Advice- Debt Consolidation Company

This material is for general information and only constitutes advice in the broadest of terms. You should not rely on this information to make any decisions. Call our advisors on 0800 043 2444 for professional advice for your own particular situation.

Get Free Advice
your name
your phone No.
your 2nd phone No.
your email address.
house No.& Postcode
  
level of debt
best time to phone
We'll call you back for a free consultation on solutions to solve your financial problems.