Registered charges—creation
Registered charges—creation

The following Property practice note provides comprehensive and up to date legal information covering:

  • Registered charges—creation
  • Power to create
  • Only way to create a legal mortgage
  • Formalities

Power to create

A 'charge' is any:

  1. mortgage

  2. charge, or

  3. lien

for securing money or money's worth. This includes:

  1. security for the repayment of money (including future liabilities)

  2. charges to secure the discharge of an obligation, and

  3. statutory charges

A charge can be created by the owner of a registered freehold or leasehold estate. That is:

  1. the registered proprietor, or

  2. the person who is entitled to be registered as the proprietor

He can:

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