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Ash, Solicitor
Category: Property Law
Satisfied Customers: 10916
Experience:  Solicitor with 5+ years experience
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Someone owes me money and have said that because they can't

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Someone owes me money and have said that because they can't currently pay, they will allow me to put a charge on their home.
I know there are various types of charge or restriction that one can place. I would like to know the advantages and disadvantages of each and the costs involved.
I also need to know how to fill out the relevant forms for the Land Registry and the exact text that I need to put on those forms
Hello my name is ***** ***** I will help you.
You are better off having a restriction using form RX1. The Cost is £50 to the land registry.
Details are here
Can I clarify anything for you about this today please?
Customer: replied 2 years ago.

Are there any additional benefits to having a proper charge as opposed to a restriction?

Also assuming I go for a restriction, I need to know the wording to put in section 9 of the RX1 form

It would be form of words M. The benefits are about the same, consent would be needed either way.
Customer: replied 2 years ago.

Are you saying that there are no benefits to a charge?

What are the words of M?

The words of M are contained in the practice guide I gave the link for. No audio two benfefits but more expensive as you will need a solicitor
Customer: replied 2 years ago.

What does "no audio two benefits" mean?

Sorry predictive text. Meant no additional benefit,
Ash and other Property Law Specialists are ready to help you

I am just following up to see if there is anything else I can help with?

If you have not done so already might I ask you to rate my answer before you go today please, the button should be at the bottom of the screen.

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