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Charging order against property - advice required as now selling

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  • Charging order against property - advice required as now selling

    Firstly, apologies if this is the wrong forum, wasn't sure where best to post.

    I have a charging order against my property for a £7500 debt. I am now selling my house as have fallen into real financial problems due to my health and can't keep up mortgage, and have just accepted an offer on the house well below asking price because time is against me and need quick sale. What I want to know is, is there any way to negotiate this debt or will the full amount have to be paid? How does it get paid, does the solicitor take care of it when the sale completes or what?

    Once the mortgage and this debt is paid along with all fees, I was hoping to get a cheap flat but will be unlikely to with what will be leftover, so I just wondered if there'd be any chance at all to get the debt negotiated to say 5000 as this would just give me that extra little bit more to be able to try to get myself a cheap flat. The issue though, would be that until the sale of house completes I won't have the money, so is that going to be too late, I just don't know how this all works.

    The debt was initially around 5000 but with all fees and costs rose to 8000 and I've been paying 40 a month on it, it currently stands at 7500.
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