During the 2008 credit crunch we had to default on some loans. One was from Northern Rock and made up our Mortgage.
At the time, Northern Rock took out a Land Registry for the outstanding value against our property, meaning if we ever sold the house, they’d get their money back out of the sale as priority. Since then, we’ve continued to make the minimum/agreed payments to NR, never missing any.
Due to other circumstances, our mortgage (which was with another company) is now paid in full.
If I apply to get the deeds of our house, will that mean I have to pay the remaining outstanding loan balance to NR (which I cannot do/do not have even though it’s not very much now) or is nothing affected until/if we ever sell?