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The Charge Certificate (also known as a Land Certificate), was a document once issued by HM Land Registry to mortgage Lenders when its mortgage had been registered on a property.
Nowadays, the Charge Certificate has been replaced by a Title Information Document, however we thought it would be useful to detail Charge Certificates and how they used to work for historical purposes, and also explain how we might be able to help with a mortgage or remortgage.
Table of Contents:
A Charge Certificate (also referred to as a Land Certificate), used to be the official document issued by HM Land Registry to Mortgage Lenders once its mortgage had been registered on a property.
The Charge Certificate included a copy of the information held on the register, together with the original mortgage document. If there was no mortgage on the property, then HM Land Registry issued a Land Certificate to the Registered proprietor.
Charge Certificates were used to prove or transfer ownership of land, and contained three parts:
However, since the commencement of the Land Registrations Act 2002, which came into force in October 2003, Land and Charge Certificates are no longer needed, and all existing certificates lost their legal status from that date.
So, instead of the Charge Certificate (or Land Certificate), legislation provided for a Title Information Document to be issued.
The Title Information Document has to contain:
Hopefully we've managed to provide you with some more insight into Charge Certificates and Land Certificates. So if you are considering buying a home for the first time, moving or switching your lender by remortgaging, we would be delighted to discuss your options with you.
We have arrangements with solicitors that will take care of the legal and conveyancing work. Competitive all-inclusive packages are available on remortgage work, and fixed fees can usually be arranged for sale and purchase work. Why not give one of our professionally qualified mortgage advisors a call on Freephone 08000 282 281 (lines open 8am-10pm everyday), or enquire online anytime. We will carefully assess your circumstances, needs and aspirations and will come up with just the right product for you!
The overall cost for comparison is 9.8% APR.
The actual rate available will depend upon your circumstances. Ask for a personalised illustration. APR variable and based on a usual case. Most customers are likely to receive a lower rate or the same rate as our overall cost for comparison rate - learn more about APR.
There are no upfront broker fees.
However, a fee may be charged on successful completion. An indication is that on conforming cases (straightforward applications with no or minimal adverse credit) a fee may be charged of up to 1% of the amount advanced, typically £795 and will depend on your circumstances.
For non-conforming cases (where case research and processing may be more complex due to adverse credit or unusual circumstances), a fee may be charged of up to 3% of the amount advanced, typically £1,995.
THINK CAREFULLY BEFORE
SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED
IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Adding existing debt to your mortgage will increase the repayment term and overall cost.
Are you worried and becoming stressed because you are having problems getting a mortgage or remortgage? Worry and stress no more! Here at Shire Direct we provide tailor made mortgage solutions to suit you, and can usually help with all kinds of circumstances including...
Remember, we're here to help, and would love to hear from you!
Shire Direct and Shire Direct Mortgages are trading styles of Shire Processing Centre Limited which is
Authorised and regulated by the Financial Services Authority in respect of regulated mortgage products and general insurances.
Registered No: 302389. Commercial funding and Secured Loans are not regulated by the FSA.
Licensed Credit Brokers. Consumer Credit Licence Number: 349999.
Shire Processing Centre Limited is registered under the provisions of the Data Protection Act by the Information Commissioners Office: Registration No: Z6795249. Registered in England & Wales. Company number: 2732202. Telephone calls may be recorded for training, monitoring and security purposes. All applicants must be aged 18-years or over.
