Charging Order

A charging order is a method of securing a debt used by creditors as part of the debt enforcement or recovery proces.

If a debt is in arrears or default, the lender can apply to the county court for an order to be made against your home. This means that when you come to sell your home, any money left over after paying off your mortgage will go towards clearing the debt.

This effectively means that an unsecured debt is converted into a secured one.