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Thread: how to set up equitable charge???

  1. #1
    Regular Member the fisherman's Avatar
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    Default how to set up equitable charge???

    does anyone no or point me in right direction?im in manchester and need to get 1 of these set up on a property as owner owes me large amount of cash and is not trying to pay

  2. #2
    spoons
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    No idea, but good luck

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    Regular Member chewy71's Avatar
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    Have to go through the courts I believe. Try Rossendales, thats who I use for my company and seem pretty good at it for very very low fees.

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    Regular Member the fisherman's Avatar
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    sorted all in process now,cost £250.00 but will make sure my money is safe cheers guys

  5. #5
    spoons
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    Good news

    So, what did you have to do?... Is it a court order?

    How does it get your money back?

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    Whats equitable charge?

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    Regular Member the fisherman's Avatar
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    Quote Originally Posted by spoons View Post
    Good news

    So, what did you have to do?... Is it a court order?

    How does it get your money back?
    i went to solicitor who does alot of stuff for my freind who has about 9 different buisness and basicly he sorts it all out gets a court order and puts a charge on the house,i get the owners to sighn the paper saying they owe me the moneys and when it sells they have to pay me mine out of it,atleast i no its safe now

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    Regular Member the fisherman's Avatar
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    Quote Originally Posted by UncleMelon View Post
    Whats equitable charge?

    google it

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    Regular Member Jezzy's Avatar
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    Quote Originally Posted by the fisherman View Post
    i went to solicitor who does alot of stuff for my freind who has about 9 different buisness and basicly he sorts it all out gets a court order and puts a charge on the house,i get the owners to sighn the paper saying they owe me the moneys and when it sells they have to pay me mine out of it,atleast i no its safe now
    What if they don't sell for 30 years and you've passed away by then?

  10. #10
    spoons
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    Quote Originally Posted by the fisherman View Post
    i went to solicitor who does alot of stuff for my freind who has about 9 different buisness and basicly he sorts it all out gets a court order and puts a charge on the house,i get the owners to sighn the paper saying they owe me the moneys and when it sells they have to pay me mine out of it,atleast i no its safe now
    I suspected it might be something like that.

    How are you going to get the owners to sign your paperwork?

    Once the equity has gone, its gone. Where will you be positioned in the queue when the time comes for payout? (if that time ever comes)... just check, as Banks may come first.

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