Mortgage Discharge
If you are in the fortunate position to have paid off your mortgage on your Scottish property, your mortgage lender will require you to instruct your solicitor to carry out a mortgage discharge of the standard security registered in the Land Register of Scotland.
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Mortgage Discharge
Many people do not appreciate the importance of doing this, which can present problems in selling the house in the future, if you no longer have access to your previous Account details.
The lender may recommend leaving a small balance outstanding on your mortgage so that they retain your deeds in storage. Our solicitors can help you with your mortgage discharge.
Mortgage Discharge/Redemption in Scotland
Most of our clients who have been in a position to fully redeem their mortgage on their property in Scotland have done so and instructed us to complete the discharge.
We offer a free storage service for our clients once the mortgage discharge has been registered ensuring that their deeds are kept in a secure and professional facility rather than running the risk of the deeds being misplaced over time at home.
As the title and the mortgage discharge are registered copies or substitutes are available should a client ever misplace their deeds if they choose to retain them themselves.
Contact our Conveyancing Solicitor in Glasgow
To find out how we can help you please complete our online enquiry form or contact our solicitors based in Glasgow directly on 0141 673 1538.
