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Helen owns a property and wants to take out a mortgage on her registered estate. Her solicitor advises her to use a specific form for the legal charge. Helen is unsure which form to use and seeks your advice. Which of the following forms should Helen use for the legal charge of her registered estate?
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Helen should use Form CH1 for the legal charge of a registered estate. This form is specifically used for creating a legal charge over a registered property, which effectively secures the lender’s interest in the property.
Key Point: Form CH1 is used for the legal charge of a registered estate, ensuring that the lender’s interest is formally documented and protected within the Land Registry.
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