Response to interest on charges on property

John/Julie

The info given to John I have double checked with a solicitor....

Mark

Yes, you are correct.

Generally, a charging order does not stop the accrual of interest but, as you say, interest cannot accrue on CCJs for consumer credit agreements or CCjs for less than £5k

However, Julie, in respect to the link sale info unfortunately he says......

Mark

I don't think this is correct. The procedure for an application for an order for sale is different though, with the Trusts of Land and Appointment of Trustees Act 1996 covering situations where there is a CCJ/CO against one of two beneficial owners or where there is a CCJ/CO against both beneficial owners. The Charging Orders Act 1979 covers situations where a CCJ/CO is entered against a sole owner.

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