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Our Property and Conveyancing department is led by partner, Robert Macduff-Duncan. Robert was admitted as a solicitor in 2004, joined the firm in 2018 and was assumed as a partner in 2021.
Once you have paid off your mortgage in full, you will usually require to discharge the security held by your bank or lender. This process involves drafting a document which is then signed by your bank or lender to confirm that they no longer have a claim over your property. This document is then registered with the Registers of Scotland.
For a basic discharge of mortgage security, the fee may be £250 plus VAT of £50.
The only outlay is a charge of £80 payable to the Registers of Scotland.
Thank you very much for all your invaluable support over the last year. I cannot praise the Firm highly enough.
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