Response to interest on charges on property

John,

In answer to your email, I think then you will be interested in the following info taken from: http://www.newcastle.gov.uk/welfr.nsf/a/debtFS6

However, note the use of the word "usually".......

Interest

If a creditor has taken the debt to the County Court, they cannot usually add extra interest once a Charging Order has been made.

Interest cannot be added if:

the debt is for an agreement regulated by The Consumer Credit Act. This includes most ordinary credit agreements, including bank overdrafts; or the debt is less than £5000 in total even if it is not covered by the Consumer Credit Act.

Mark.

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