Changing mortgage to get a better rate but what happens to the charge on the property?

[tenalady]

There is a charge on our property, it is my charge when we bought the house because I put some of my funds from my previous single house into it and x wife was going for the shirt off the back. It was done to protect me.

We are changing mortgage to get a better rate and the administrators now say they want a further £150 to either remove the charge or to transfer it.

Is there a way around this, cos it sounds like money for old rope to me.

We are not fussed if the charge stays on it so why does it cost £150 to keep it as it is?

[tenalady]

.

[bamboo]

Is it a charge or a restriction? Who are the parties to it - just you and your dp? Perhaps, contact the Land Registry - surely they would remove it for nothing if you two are the only ones affected.

[tenalady]

Its was just my name on the charge to protect any money that I put into our marital home.

[bamboo]

Give the Land Reg a call - they're pretty helpful. Removal of a standard charge would be free - I can't see what would be different in this case, but I am a bit out of touch with these things.

[tenalady]

Thanks will give it a try.