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quick sale

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akf47 | 13:36 Thu 05th Oct 2006 | Law
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hi guys,

An offer has just being made on my flat which is up for sale. Can I register a charge on property duing a sale process as I need cash urgently and the sale process takes up to three months?
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Avatar Image juddlinski

[This answer has been edited by ABED]

16:07 Thu 05th Oct 2006
Avatar Image CourtneyBear
Yes you can, but only if you own the flat outright, if you've a mortage you've no chance. Speak to your mortage advisor.
16:10 Thu 05th Oct 2006
Avatar Image NORMANTHEDOG
of course you can borrow money on the flat,even if you have a mortgage,the lender justs puts a second charge on it,but i would expect you would need some equity in the flat,before they will lend you any money.
21:10 Thu 05th Oct 2006
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