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Discharge standard security Scotland
TheQuaker
Posts: 43 Forumite
So I've paid off my mortgage. Confetti rains down ! The problem I've got now is to create an application to discharge the standard security from the lender with Registers of Scotland. I've asked the lender to send a letter of discharge saying we've paid off the mortgage but they have said no. I don't want to waste money on a solicitor costing hundreds to essentially fill in a form. The form is brutal. Has anyone in Scotland successfully done this themselves and did they manage to get the lender to play ball ? I've been with them over 40 years and made them thousands and they can't issue a simple letter. Disgusted.
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Comments
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No I did not domyself. Paid a solicitor.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0 -
Registers of Scotland says you can do it yourself on the website, so we'll give it a bash! First step is to draft a letter to sent to the lender. If anyone has a template let me know. I'll see what chatgpt gives me. If it gets bounced at least we tried! What sort of money is it for a solicitor?0
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I paid £264 in 2022.
£60 Registers of Scotland discharge fee
£150 + VAT legal fee
£10 each + VAT for ID check
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Cairnpapple said:I paid £264 in 2022.
£60 Registers of Scotland discharge fee
£150 + VAT legal fee
£10 each + VAT for ID check
Thanks for that. Bet it's double that now! The Ros fee is now £80. What a scam.0 -
So I managed to get the lender to sign and seal a discharge document without a solicitor. Good old AI. Just need to try and fill in the Registers of Scotland form. Hopefully won't be too bad and that'll be a few hundred sheets saved! That's what it's all about ...!2
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I paid £336 including ID check earlier this year in Scotland, after paying my mortgage off in October.In the grand scheme off things it wasn’t much to get it done right. My sister recently paid slightly less with a different solicitor.As for lender, I was with First Active and they said I could instruct a solicitor or do t myself.They also didn’t charge the £225 fee to end the mortgage early. They were an excellent lender for the19 years I was with them.0
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