Final charging order
Legal & insolvencyA court order that secures a debt against a property on a long-term basis.
Overview
It follows an interim charging order and a court hearing.
The debt is typically repaid when the property is sold.
Why it matters
- It can affect your ability to sell or remortgage.
- It secures the debt against your home.
- It can lead to further enforcement if not handled.
FAQs
Does a final charging order mean I will lose my home?
Not necessarily, but it secures the debt against the property.
Can I remove a charging order?
It is usually removed once the debt is paid.
Related terms
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