A legal charge registered against a borrower's property allows a lender to protect the money they have lent to an individual or company. The charge usually prevents the borrower from selling or disposing of an interest in their property until the debt and charge are discharged.
In the event that the borrower breaches the terms of the loan agreement enforcemen action to secure the outstanding loan amount can be taken against the charged property to seek full repayment of the sums owed.
We can assist in issuing loan agreements and register charges against property.
Gatling Solicitors
14 West Cliff, Preston PR1 8HU | 01772 978 269
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