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Expectations after paying off mortgage
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You don't remove the charge - the lender do. The charge is simply a note on the LR record that says "Without this person's agreement, the property can't change hands".I never removed the Charge when I paid my mortgage off. In fact I think it's still the name of my original first lender.
Does it matter for anything?
The lender should remove it when they no longer have an interest in the property, when it's no longer security for their loan.0 -
You do however get a WHOOP WHOOP and a :bdaycake: from me on behalf of the forum0
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Clutterfree wrote: »Now you’re mortgage free, it’s worth putting a property alert on your property.
https://propertyalert.landregistry.gov.uk/Can you do this even with a mortgage?
It doesn't even need to be your own property that you're monitoring.POPPYOSCAR wrote: »Yes you can0 -
Already done but thanks anyway0
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Do you remember how long it took before you received it?0
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I have been mortgage free now for over 5 years, its the best feeling in the world.
I do not have to think twice about buying that I really want.
I travel a lot more now, save some of that mortgage money, give to one charity monthly and live a stress free life
Month end I don't even think about mortgage payment.0 -
welwynrose wrote: »We got a letter with a closing statement & the title deeds when we paid ours off a few years ago
Do you remember how long it took?0 -
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