removing an Equitable charge

There is an Equitable charge against a property of my mums set up in 2011 that has now been satisfied. How can this be removed. The charge was through an agreed notice AN1 FORM made between a private wealth service and my mother to secure payment for said services. As these services have now finished and the payments satisfied , what do wwe need to now do to take this charge off her property?

Paul - form CN1 and supporting evidence to confirm that the charge has been 'satisfied' as you put it. That generally means some sort of confirmation from the lender/creditor/service provider discharging their charge https://www.gov.uk/government/publications/notice-cancellation-cn1

ok, thank you . Yes we have this from them as a formal letter of release from them. So do I just now need to send this to land registry with a CN1 form and thats it ? or is there more ? how will i know it has been removed etc

Another question as awell, how much is this to release? the charge was for £45,000 pounds for consultancy work which has now ceased and paid up. The private wealth business are happy to release this charge now. I believe the fee on the cn1 form for anything from 0-80,000 is £45 by post Is this correct. I'm just reading throught the CN1 form. Do I just send in with their letter of release? Does land registry then contact them and once they confirm it gets lifted? I am having to do this on my mums behalf

Paul - there's no fee. Post the form and supporting evidence to us at the standard address. You'll get an acknowledgement on receipt if you include your email address on the form. And once processing starts you will be notified as well

Hi Adam I'm back on the trail of trying to remove this equitable charge from my mums property . I have been away so now back and wanting to get this cn1 form sent off. Please can you tell me if this is something my mum needs to fill out with her details or do the wealth fund do it with their adress. Also the covering letter from them, is this a seperate document? as Section 5 says "documents lodged with this form" then section 7 is "application is sent to land registry by" so would this be them or my mum? I'm really stuck on how to fill out his form to be honest. is there a guide somewhere ? thank you for your time to answer these questions it would really help me to sort this

Hi Paul - either is acceptable as the key will be the supporting evidence rather than the form CN1. The ideal scenario would be for the creditor to apply but that isn't something they will always do. If you/your Mum are going to apply then use the explanatory notes at the side of each panel to assist with their completion. Don't over think things and remember it's panel 11 you are completing with the specific details re the equitable charge itself. You referred to a 'letter of release' and I assume that's the supporting evidence you are going to submit a copy of