What do you mean by a charging order?
Thank you for your reply. Circumstances were as follows.
I sent money as an Investment to a Company who were supposed to renovate the property and sell it on at a profit, I would redeem the money invested by the Unilateral Charge and have a share of any profit made.
However it soon became apparent the company running this was not
carrying out any work on any property and became Insolvent. I then discovered two other U.C against the property..The property had been supplied to insolvent company who, it would appear, were acting as agents for the owners.
Conclusion The owners had received investment money from three investors in excess of the valuation of the property which is still in a poor state of repair. One of the investors has changed the UC to a Registered Charge, hence my question. This property may well end up at auction'
I do not know how would I find out? I did not receive any documents from the solicitors who were dealing with this other than emails to tell me the U.charge had been placed
Yes I have a copy.
It is of interest to note that in item B Proprietorship Register the proprietor is named together with price stated to have been paid at time of purchase a few days before the Uni.charges were made
.There is also a Restriction: No disposition of the registered estate by the proprietor of the registered estate is to be registered without the written consent signed by the proprietor for the time being of the charge dated in Oct.2013 in favour of.........and.... referred to in the Charges Register or their conveyancer. i.e. the people who had one of the Unilateral charges but now holds a Registered Charge.
Wording on theCharges Register
There are firstly 6 items.The first four are concerned with the two other U.Ns. Mine are numbered 5 and 6 and read:
5: (30.05.2013) Unilateral Notice in respect of a charge dated 24th May 2013.
Note: Copy filed
6.(30.05.2013) Beneficiary: Me ( I am named with address)
Further items from 7 to 11 are made:
7 and 8 concern the two others item 9 concerns me:
9 (25.11.2013) Charge dated 28th October 2013 in favour of Me
Note: Copy filed.
This happened after 'the Agent' went into Administration.
The last two items both dated (09.05.2014)10 and 11 concern
10 the Registered Charge dated 28th October 2013 and
11 naming the Proprietor ie the same names as shown as Lenders
I look forward to hearing your comments.
Copies file I guess are with the Solicitor who dealt with this at the time.
Thanks for your help. I will contact tomorrow .
I was in contact and sent through the documents they required. That was early in January I have heard nothing since.
However I repeat the question how can I convert the Unilateral notice of Charge to a Registered charge? Thanks for your help.
Additional info. No the property is not up for sale but may end up at auction.
Just to clarify as I stated in the Circumstances. The company that went into administration was acting as an AGENT for the company that owned the property. The property is still owned by this Company together with all the charges as shown on the title deed as previously described.
One of the Unilateral Notice (another Investor) made a Registered Charge in October 2013 and is now named as 'lender' on the title deed.
How can I do the same? Thanks.
Thank you for info. The only acknowledgement I received was an eamil confirmation from the Solicitor that the Unilateral Notice it had been actioned. against the property.This solicitor must be holding the document.s. this I can request from them and will do so.
The owners of the property ( company) are not in administration would I still have to get their consent to place the charge?
I have not mentioned any names but as you gather by now this was an elaborate way of obtaining 'investors' money. When I placed the investment I thought I had done 'due diligence' ie Land Registry check and there were no charges against the property at that time as I said these appeared shortly after I had sent the money..
Thank you for your help.
Thank you for info. The only acknowledgement I received was an email confirmation from the Solicitor that the Unilateral Notice it had been actioned. against the property.This solicitor must be holding the document.s. this I can request from them and will do so.
No the Agent was not registered or authorised with FCA.
I will write to Solicitors and get documents they hold. Thanks
Obviously this will take some time ie several days or weeks.even if I get a reply. I should tell you that the particular person that actioned these Unilateral Notifications is no longer employed by the Solicitors involved.
I am on a Subscription 7 day trial. I will end this and hope to come back to you if and when I have copies of the documents and can proceed further.
I will endeavour to get some information from the Solicitors.Thanks
Hi I have been trying to contact the Solicitor but web page has been withdrawn. the main solicitor is now working with another firm.
Conclusion this solicitors firm no longer exists!What can I do now?
It has not merged with the new firm. I will try to speak to this solicitor directly.