Hello and thanks for using Just Answer.
My name is ***** ***** am happy to assist you with your enquiry.
It means that the Natwest have a registered Mortgage over the property, which was taken out on 16th November 2010.
Until the Mortgage is paid off in full, this Charge will remain in the Charges Register.
I hope this assists, but please let me know if you require any further clarification.
Hello Thank you for getting back to me.
The property in question is very old and I don;t think anyone has been living there for a long time.
The registered owner took over in 1998 but it does;t state any previous owners..should it?
No- only the existing owner is shown on the title (in the Proprietorship Register).
All I can say is that the registered owner must have taken out a Natwest Mortgage in 2010.
I hope this helps.
Ok if Natwest has a charge on the register in 2010 does this mean prior to 2010 the building was owned outright?
and that in 2010 the person decided to re-mortgage?
It either means the owner re-mortgaged (ie paid off their old Mortgage and took a new Mortgage out with Natwest) or that there was no Mortgage on the property and then the owner took out a Mortgage in Natwest in 2010.
Ok i understand. Am i correct in thinking The register won't show any previous lenders if they were any?
You're correct- the Register only shows Charges/Mortgages which are still ongoing- as soon as a Mortgage is paid off, it is removed from the Register.
ok thank you for your help
query answered now
If I have helped, I would be grateful if you could rate my answer.