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What is a charge on a property from the official receiver?

April 26, 2017Business charge Finance official Property receiver

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What is a charge on a property from the official receiver?

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It means that who you owe money to has put a charge(like a mortgage repayment) on your property to recoup the debt.In other words,if the property is sold,apart from the mortgage repayment,the”charge” will also be taken before you get any profit.If there is no profit,then you will still owe that money to the official receiver.