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Charge against a Property

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gentleman | 16:38 Sun 12th Oct 2008 | Law
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A friend has agreed for me to place a charge against his property for a sum of money I loaned to him. He is willing to signed a Land Registry form without a solicitor cost.

Can anyone tell me what LR form is involved?
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All the forms are here:

http://www.landregistry.gov.uk/

If you are unsure which is the correct form for you, telephone the Land Registry who will be pleased to help you
It's usually a CH1 for a charge itself but you've have to also submit an RX1 or AN1 for a restriction or notice.

It depends on the terms of the charge as the CH1 itself is pretty bare and when I do them for clients I had a lot of additional wording in them.

You should also be aware of the possible limitations of a charge such as in repossession or bankruptcy and conditions on which you can get your money back.
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Thank you very much

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Charge against a Property

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