C: Charges Register
This register contains any charges and other matters that affect the land.
1 (03.11.1999) A charge having the priority specified in section 156 of
the Housing Act 1985 to secure the liability under the covenant to
repay discount contained in the lease under which the land is held.
NOTE: This charge is postponed in priority to that dated 13 November
2001 to the extent mentioned below in the note to the entry of that charge.
End of register
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Answers & Comments
This is one for your solicitor. If there is a charge then it will have to be paid off at the time of transferring.
We can't buy debts in the UK
The property was an ex council property in the UK
My main question really is there any debt on the property.
please tell us where this property is, or ask your solicitor/attorney
A 'charge' in this context is a legal financial liability that goes with the property. It is the job of your solicitor or conveyancer to investigate any 'charges against the property' and to explain them to you - not only what they say but what it really means for you. In this case, it looks as though the property was sold in the past at a discounted price but that the discount may have to be repaid at some point and subject to certain conditions (that we don't know about). If your solicitor or conveyancer can't explain it to you fully, for your own protection you should change solicitors to one who can.
The Land Registry hold a note of any 'charges' or loans etc which are lodged against the property. A current mortgage will be shown as will any other loans arranged with the property as security. Your conveyancing solicitor will deal with any issues arising and explain the matter to you if necessary. The point of the register is to prevent property being sold with outstanding loans and to clearly identify the current owner.