If a person has a charge on a property and he dies, what happens to the charge? Does it then need to be discharged and the proceeds put into the deceased person's estate or can it just sit there indefinitely?
Thanks.
Yes, LDF is correct. The question is what happens if the person to whom the charge is owed passes away? Would the house then need to be sold so that the estate could get the repayment or would this repayment arise only when and if the house is sold at some future date?