• Removing A Second Charge When Company Is Dormant

    By Guest on 30th Jul 2022

    I was hoping to exchange on a property last week until our solicitor found an additional (second) charge on the property we're looking to purchase; said solicitor was already aware of one mortgage, but not the other. This additional mortgage dates to the mid-1970s and the bank/company/lender no longer exists. The seller is not aware of the existence of the mortgage (ugly divorce), so would you kindly be able to advise how the seller and their solicitor go about removing this additional charge from the property please? Many thanks.

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