Target redemption - help to buy

abeefeater
abeefeater Posts: 6 Forumite
Eighth Anniversary First Post Combo Breaker
in Mortgages & endowments
We would like to complete a target redemption on the equity loan (20%) which was taken out when purchasing our property. 

I have completed the required RICs report and requested a redemption pack with the intention of paying 10% from savings. There is no remortgaging taking place through a lender. 

My question is simple, do I need a solicitor for the paperwork ? Target say I don’t but I’m worried I will mess something up. 

I assume that nothing changes on the deeds. Target + my mortgage provider will still be listed as charges afterwards. Does anything actually need updating ?

thanks in advance

Comments

  • chanz4
    chanz4 Posts: 11,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    Target website says you do
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
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