Document Actions
I am selling my house with two secured loans against it. Do I need to settle both loans or only the one relating to where the Deeds are held?
I am selling a house I rent and don't need the proceeds for another purchase. There are two secured loans against the property - must they both be settled, or only the one relating to where the Deeds are held?
You will not be able to sell without clearing both loans. The purchaser's Solicitor will require this. If the loans are not property purchase related and regulated by the Consumer Credit Act, then it is worth getting them checked for validity as 70% are unenforceable. Let us know if you would like us to check them for you.
We hope this information answers your question and that you found our free service fast, comprehensive and useful. We answer questions on any legal matter so please tell anyone else who you think might benefit from our free assistance.
It would also be a good idea to bookmark http://www.lawanswers.co.uk in case you need free advice on any other legal question.
Please come back to us if you have any other legal matter we can assist with in future.
Important! Ask your own free questions... Questions are answered accurately at the time they are posted but the law can change or your circumstances may differ in an important but not obvious way from those mentioned. For fast, free and up-to-date personal legal advice direct to your inbox about your own individual case ask Law Answers your own free legal question.
