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  • FIRST POST
    • Rachiey
    • By Rachiey 8th Oct 17, 5:36 PM
    • 5Posts
    • 1Thanks
    Rachiey
    Secured Loan
    • #1
    • 8th Oct 17, 5:36 PM
    Secured Loan 8th Oct 17 at 5:36 PM
    Hello
    I'm new to forums so please forgive me if I've posted in the wrong area

    My secured loan final payment is next month (originally Barclays first plus now elderbridge). I have been scouring the internet but I can't really find what I'm looking for. Do I need to do anything once the loan is fully repaid next month / how do i get the loan company removed from my deeds or is this some thing the loan company will do automatically?

    Thank you in advance
Page 1
    • zx81
    • By zx81 8th Oct 17, 5:41 PM
    • 13,670 Posts
    • 14,124 Thanks
    zx81
    • #2
    • 8th Oct 17, 5:41 PM
    • #2
    • 8th Oct 17, 5:41 PM
    You just need to make the final payment.
    • jonesMUFCforever
    • By jonesMUFCforever 8th Oct 17, 5:47 PM
    • 24,081 Posts
    • 11,368 Thanks
    jonesMUFCforever
    • #3
    • 8th Oct 17, 5:47 PM
    • #3
    • 8th Oct 17, 5:47 PM
    I disagree - you may have to ask them to take the charge off the deeds because some lenders will leave it on in case you want to borrow more from them at a future date.

    Check also what discharge fees may be charged if any as the lender has to pay the Land Registry.
    What goes around - comes around
    give lots and you will always receive lots
    • Rachiey
    • By Rachiey 8th Oct 17, 5:47 PM
    • 5 Posts
    • 1 Thanks
    Rachiey
    • #4
    • 8th Oct 17, 5:47 PM
    • #4
    • 8th Oct 17, 5:47 PM
    Hi thanks for the response I wasn't sure whether I needed to speak with Natwest my mortgage lender to remove elderbridge from my deeds
    • Rachiey
    • By Rachiey 8th Oct 17, 5:49 PM
    • 5 Posts
    • 1 Thanks
    Rachiey
    • #5
    • 8th Oct 17, 5:49 PM
    • #5
    • 8th Oct 17, 5:49 PM
    Ah ok so i need to speak to elderbridge about these fees then
    • Rachiey
    • By Rachiey 8th Oct 17, 6:07 PM
    • 5 Posts
    • 1 Thanks
    Rachiey
    • #6
    • 8th Oct 17, 6:07 PM
    • #6
    • 8th Oct 17, 6:07 PM
    Ah ok so i need to speak to elderbridge about these fees then
    • jonesMUFCforever
    • By jonesMUFCforever 8th Oct 17, 6:14 PM
    • 24,081 Posts
    • 11,368 Thanks
    jonesMUFCforever
    • #7
    • 8th Oct 17, 6:14 PM
    • #7
    • 8th Oct 17, 6:14 PM
    Ah ok so i need to speak to elderbridge about these fees then
    Originally posted by Rachiey
    Yes.
    The second charge that Elderbridge have is nothing to do with Nat West and they will not be able to help you.
    What goes around - comes around
    give lots and you will always receive lots
    • Rachiey
    • By Rachiey 8th Oct 17, 6:26 PM
    • 5 Posts
    • 1 Thanks
    Rachiey
    • #8
    • 8th Oct 17, 6:26 PM
    • #8
    • 8th Oct 17, 6:26 PM
    Brilliant thank you for your help
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