• Charge From 2004 To Be Removed On Title Deed. (company On Title Was Dismantled And No Longer Exist)

    By Guest on 08th Mar 2022

    We are struggling to remortgage our place bought two years ago in Edinburgh because a charge from 2004 is shown on the title which isn’t acceptable for the new lenders.

    The solicitor used for the flat’s purchase advised me that the old charge couldn’t be discharged because the company was dissolved and that nobody couldn’t sign that off. Therefore at the time of the purchase, the title indemnity insurance was put in place to protect future lenders which was fine by Barclays. However, this isn’t acceptable for the few lenders I contacted and asked for the charge to be removed.

    My main concern is that no other lenders than Barclays will accept this and won’t be able to sell this property moving forward. Hence the need to get this removed.

    I am not familiar with it and was wondering if you could let me know the best way to get the charge removed from the title?

    I was told by another solicitor last week it could be removed via the courts by a court solicitor but have no support from the solicitor used two years ago for the purchase of the property. In my opinion, she should have done the necessary to get it removed at the time of the purchase but doesn’t want to assist me now, has an attitude and do not respond to my emails. I can contact her via phone call from time to time though.

    Your advice in this matter will be very much appreciated.
    Regards,
    Thomas

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