Thank you for your question
My name is Clare
I shall do my best to help you but I need some further information first
Was the second Charge signed?
Did you receive the funds?
Was it actually Registered?
I am afraid that the holder of the Second Charge can indeed instigate Possession proceedings if the arrears justify it.
The would indeed have to notify the holders of the First Charge - and that debt would have to be discharged first.
The fact that the first charge holder did not agree to the registration of the second charge will not be relevant I am afraid
I hope that this is of assistance - please ask if you need further details