Will my mortgage lender be informed about a charging order by my other creditor?
Written By: admin on July 28, 2009
2 Comments
A creditor is about to take a charging order on my property. I want to know if this creditor has the right to discuss this issue with my mortgage lender and will they exchange informaton about me.
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Absolutely: a charging order will fundamentally affect the rights the mortgage issuer has on the property. In any case, a charging order can only follow a county court judgement being issued against you, and these judgements are public information anyway.
Charging orders are rarely issued, so I am presuming it is a very large debt.
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