When you have finished paying off your mortgage, your relationship with your lender doesn't automatically come to an end.
Once you have made your final payment, you will be required to take formal steps to sever these ties and to remove the mortgage from your property formally.
The specialist property solicitors at The McKinstry Company can act on your behalf to discharge your mortgage quickly and easily, taking all the necessary legal steps, including recovering the title documents and preparing the discharge.
Mortgage Discharge Lawyers Ayrshire & South West Scotland
When you take out a mortgage to buy a property, your lender will register their charge over the title using a legal document called a Standard Security. What this means is that, although you will be registered as the owner of the property, the name of your lender will also be included on the title documents. This happens to provide reassurance to your lender that you won’t sell your house before you have paid back in full. In practical terms, you won’t have to discharge your mortgage unless you are planning to sell or transfer the property to someone else, but many homeowners choose to discharge once the mortgage has been paid off for peace of mind and to prevent problems arising in the future.
The Process for Discharging a Mortgage
The process for discharging your mortgage is relatively straightforward. You don’t need to sign anything to complete this – you will only need to provide us with up-to-date identification documents, your account number and proof of payment.
To discharge your mortgage, our solicitors will recover the title deeds from your lender which enables them to draft the discharge, the legal documents required to complete this process, before sending this to your lender for execution. Your lender will sign and seal the deed which acts as a formal receipt confirming that your mortgage has been paid off and there are no further sums left to pay. The deeds will then be returned to us.
The executed discharge will then be registered with the Registers of Scotland. This removes the Standard Security over your property, and the Land Register’s records will then show that there is no mortgage over your home.
Do I have to use the same solicitor I used to buy my house to discharge my mortgage?
You can use any firm of solicitors to discharge your mortgage. A registration fee of £50 for digital applications and £60 for paper applications must be paid. The amount of time taken to complete this process will depend on your lender, as they will be required to return a signed discharge deed, and the length of time it will take to complete registration. Typically, the process shouldn’t take more than a few weeks to complete.
Contact our Mortgage Discharge Lawyers in Ayr and Girvan
Our solicitors are available now to arrange an initial appointment. For clear, jargon-free advice on discharging your mortgage, call the specialist property lawyers at The McKinstry Company on 01292 281711 or complete our online enquiry form.
Really helpful and friendly always replied to calls and emails. Thank you very much for all your help and advice and hard work.Mr S, Auchinleck
First class throughout 100% better than last time we moved house and used a different firm. Always responded to promptly with appropriate detailed replies. First ClassMr N, Ayr
Thank you for the support during a difficult time.Mrs M, Ayr
Every email was timely and actioned quickly. Kirsty and Libby were exceptional to deal with. They kept me informed in a timely manner with the added complication of our sale being carried out whilst we are currently based in America.Anon.
My emails were always responded to in a timely manner no matter who I was dealing with. Thank you to Nat and Kirsty who helped throughout our move and during some difficult times when lock down was first announced! They have both been great.Miss K, Dalry
Everything was done extremely professionally.Mrs G, Ayr
Very happy with the way my case has been dealt with despite working restrictions due covid 19 - thank you. Calls & emails always responded to within reasonable timescale. Very impressed with lawyers and staff I have dealt with during current case and previous divorce case very friendly and efficient.Mrs H, Ayr
All very prompt, efficient, clear, friendly and personable. Not overwhelming with legal jargon. Many thanks for making the process of setting up a will so straightforward.Mrs D, Troon
We required our Wills to be amended and that was done without any problems whatsoever.Mrs F, Ayr
Very business-like and helpfulMr M, Ayr
I was very impressed with the professionalism shown by all members of staff I had any dealing with. All calls and emails were relevant to the sale of my flat. All questions I had were dealt with at the time. For any further legal matters I will certainly be using The McKinstry CompanyMr H, Ayr
Excellent service most happy with attentiveness and customer service.Mr F, Condorrat
Nat & Libby efficiently dealt with every question I had.Mrs K, Ayr
Kirsty understood our weird schedule when we were often 8 hours behind UK time, and simplified things for us by liaising via email. She was extremely approachable and dependable. In Kirsty’s absence, Jodie and Nathaniel would step in and communicate with us, and were very helpful too.Mrs N, Ayr
Great service and always on hand to answer our questions. Prompt and efficient response.Mr H, Ferniegair
Questions and communication were answered promptlyMr W, Sinclairston
Speaking from my own personal experience I was perfectly happy with the service I received. Everything was done to my satisfaction.Mrs I, Largs
Very efficient, timely and very mannerly on the phoneMr McN, Mauchline
The service was superb. Kirsty and team were extremely helpful.Mr and Mrs R, Ayr
First class service from start till finish. Always there to give help and advice.Mr R, Ayr
Great service and advice from a good professional company.Mr R, Kilmarnock
Excellent, very friendly and professional. I will be using you for all my property transactions in the future!Mrs S, Godstone
My case was handled sensitively and smoothly.Mr N, Ayr
Everyone concerned in the sale of our property was very efficient and kept us up to date with all happenings.D Ferguy, Cookstown
Great service. Would recommend you to others.Mr S, Kirkmichael
Communication was always available when required. Made me feel confident throughout the process.Mr L, Ayr
Always replied or phoned back when I needed my questions answered.Miss McF, Patna
A very prompt and friendly service, a pleasure to deal with.Mr R, Aberdeen
Robert was very supportive.M Carruthers, Kilmarnock.
Great, Rebecca was very pleasant to deal with and went out of her way to help with our caseS Everett, Kilbarchan
The solicitor / paralegal I was dealing with was very professional and performed to a high standard. I was very impressed.B Ferguson, Methil
Local firm, word of mouth good reports.K Rooney, Glasgow
All queries were dealt with in a prompt and professional manner and I was kept informed of progress as events developed. Thank you very much for making a difficult situation much easier to deal with.Mrs McG, Ayr
Communication via telephone and email was regular, prompt and comprehensive. All queries and questions were answered with no delays or problems. My experience with the McKinstry Company was pleasant and smooth.Mr McK, Ayr
My family and I received excellent service from everyone with whom we had contact. The service was of the highest standard and, as I have in the past, I will continue to recommend the company to anyone seeking legal assistance.Mrs S, Ayr
All emails and calls were dealt with promptly. Very impressed. Very very pleased with service.Mr and Mrs H, Hull
I enjoy the friendly atmosphere. Very professional.Mrs A, Ayr
Mr Honeyman was very professional and knowledgeable which made us feel reassured. Very happy with the service and if I needed a solicitor again I would get in touch.Mr B, Ardrossan
Prompt quick efficient communication.Mrs K, Cumnock
Ease of making appointments and timescale for completion of business all good.Mr & Mrs T, Maybole
Gave reassurance and comfort at a stressful time. I felt ten times better after our first meeting and support provided ultimately exceeded my desired outcome.Mr N, Saltcoats
The supportive way that the advice was provided along with the willingness to fit appointments in with our requirementsMr R, Ayr
The whole process was handled with upmost professionalism throughout.Mr McN, Kilwinning