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Land Registry Legal Charge forms

including wills and probate
brian555
Posts: 1
Joined: December 7th, 2019, 7:52 pm

Land Registry Legal Charge forms

#269878

Postby brian555 » December 7th, 2019, 7:57 pm

My questions are:
  • can the amount secured and the terms on which the amount secured is repayable (e.g. interest repayable) go in panel 9 of the Land Registry form CH1?
  • if I want to specify a maximum amount secured by the charge on form CH3, can this be variable (e.g. the property value from time to time), rather than a fixed sum?

Clitheroekid
Lemon Quarter
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Re: Land Registry Legal Charge forms

#270255

Postby Clitheroekid » December 10th, 2019, 1:24 am

brian555 wrote:My questions are:

can the amount secured and the terms on which the amount secured is repayable (e.g. interest repayable) go in panel 9 of the Land Registry form CH1?

Yes, though it would be unusual, as once registered the legal charge is a public document, and most lenders and borrowers would not be happy about the terms of the charge being made public.

if I want to specify a maximum amount secured by the charge on form CH3, can this be variable (e.g. the property value from time to time), rather than a fixed sum?

Not so far as I know, but if you phone LR they'll tell you one way or the other.


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