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Scottish title deeds.
FEE_100
Posts: 113 Forumite
finished paying our mortgage last week and our title deeds came from the BS yesterday.
The enclosed letter states that we need to take them to a solicitor to get "The standard security" removed as if we don't it could cause problems if we either die or want to sell.
can anyone throw any light on what this means, cld I send them myself and if not how much would it cost?
Thanks in advance
Ps we are in Scotland I know the laws are different in rest of the UK.
The enclosed letter states that we need to take them to a solicitor to get "The standard security" removed as if we don't it could cause problems if we either die or want to sell.
can anyone throw any light on what this means, cld I send them myself and if not how much would it cost?
Thanks in advance
Ps we are in Scotland I know the laws are different in rest of the UK.
Smoke free since 16th Dec 2009
:dance:
:dance:
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Comments
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You have to have the charge over the property removed, so it becomes "unencumbered" and can be easily transferred when you sell.
Lenders used to take care of that as part of the discharge fee you paid on completion, but as these have become less "popular" the lender has chucked it back to the borrower to sort out and pay for.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Than you king street, do you have any idea how much this costs? We talking tens, hundreds, thousands !!!!??Smoke free since 16th Dec 2009
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Not a clue.
Cost would be down to solicitor chosen to do the job.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
I think it was less than a hundred quid for us, but I'll need to check.
Find the high street solicitors in your town who routinely handle property sales and purchases, phone round and ask for quotes/estimates.
A quick google of 'paying off mortgage scotland' brought these forth;
https://forums.moneysavingexpert.com/discussion/611065
https://forums.moneysavingexpert.com/discussion/6864250 -
A relative of mine did this recently, it was around £140 to have the security removed but yes, its down to the solicitor.:idea: LBM - 31 December 20070
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looks like I will need a solicitor for this one! mair bl**dy money!
Smoke free since 16th Dec 2009
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[QUOTE=FEE_100;[URL="tel:63559318"]63559318[/URL]]looks like I will need a solicitor for this one! mair bl**dy money![/QUOTE]
Yeah, perhaps but the mortgage is done with. Happy days
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