dissolved loan company?


N

neale56

Hi,I wonder if anyone out there can help me with a problem?Some year
back we took out a second charge loan with a company that wa
dissolved/struck off in March 2013.Does this mean that the charge on ou
property,should we sell,is now invalid?I would be so grateful for an
advice,thanks
 
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D

David Woolley

Hi,I wonder if anyone out there can help me with a problem?Some years
back we took out a second charge loan with a company that was
dissolved/struck off in March 2013.Does this mean that the charge on our
property,should we sell,is now invalid?I would be so grateful for any
advice,thanks.
Whilst I can't give a definitive answer, I would assume that the debt is
payable to the company's creditors.
 
A

Anthony R. Gold

Hi,I wonder if anyone out there can help me with a problem?Some years
back we took out a second charge loan with a company that was
dissolved/struck off in March 2013.Does this mean that the charge on our
property,should we sell,is now invalid?I would be so grateful for any
advice,thanks.
Just because no-one is now asking you for repayment does not necessarily
mean that you are in a good situation. You really do need to find someone
whose authority to lift the charge will be accepted by Land Registry else
selling or re-mortgaging the property could become complicated and/or
delayed. Maybe some successor or receiver will accept a reduced payment from
you to secure the discharge. If you have a family solicitor then I suggest
you seek their advice.
 
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F

Fredxxx

Hi,I wonder if anyone out there can help me with a problem?Some years
back we took out a second charge loan with a company that was
dissolved/struck off in March 2013.Does this mean that the charge on our
property,should we sell,is now invalid?I would be so grateful for any
advice,thanks.
Did the loan company go through liquidation?

If there were assets such as your loan, I wouldn't have thought it would
have been dissolved, and most unlikely to be struck off!
 

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