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Removing Second Charge on property

Newyorkdreams
Newyorkdreams Posts: 567 Forumite
500 Posts
in Mortgages & endowments
Hi - I will be paying off a loan secured against my property and wondered if I needed to instruct a solicitor to remove the second charge. I will still have a mortgage and they are the first charge. Not sure if I need to lodge something with them, or whether land registry will do the trick.

Does anyone know???


Thanks in advance.

NYD


(I don't know where to post this for it to be most relevant so have posted on a few threads).
2019 goal
0/£15000

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The lender for the secured loan should action the removal of their charge.
  • Land_Registry
    Land_Registry Posts: 6,216 Organisation Representative
    Part of the Furniture 1,000 Posts Name Dropper
    As Thrugelmir states the lender will normally apply to have their registered legal charge removed from the register

    The first chargee would not be notified of the change to the register as part of that process.
    “Official Company Representative
    I am the official company representative of Land Registry. MSE has given permission for me to post in response to queries about the company, so that I can help solve issues. You can see my name on the companies with permission to post list. I am not allowed to tout for business at all. If you believe I am please report it to forumteam@moneysavingexpert.com This does NOT imply any form of approval of my company or its products by MSE"
  • Newyorkdreams
    Newyorkdreams Posts: 567 Forumite
    500 Posts
    Thanks for the replies guys.

    NYD
    2019 goal
    0/£15000
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