Pair Must Pay £1M Debt To UK Lender Before Selling Land

Law360, London (April 4, 2019, 1:15 PM BST) -- Two individuals who owe a lender £967,000 ($1.2 million) cannot sell or refinance a property in western England without first paying off the loan debt, a judge in London has ordered. 

High Court judge Jervis Kay placed a charging order last week against a two-story building in Herefordshire belonging to Marcus Lewis and Emma Lewis to secure a debt they owe to the lender, Century Capital Partners No. 1 Ltd.

The March 26 charging order means that any money made by selling the property — estimated by online real estate guide Zoopla to be worth almost £800,000 — must first go...

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