How does it work when I instruct a solicitor to discharge the security?
- Your mortgage lender writes to you to say that your mortgage has been paid off
- You instruct McEwan Fraser Legal to prepare an application to discharge the standard security
- McEwan Fraser Legal will check your Title is on the land register or the sasine register
- McEwan Fraser must ensure that the property transaction and deed meets the appropriate legal requirements and forward the completed paperwork to your Lender
- Your lender signs the discharge, confirming that you've paid your mortgage in full, and returns it to your solicitor at McEwan Fraser Legal
- McEwan Fraser Legal sends the signed discharge to the Registers of Scotland, along with the necessary application form and fee
- The Registers of Scotland checks the accuracy of the application and then update the relevant register, removing your standard security
- The Registers of Scotland tell us when you standard security has been discharged
- We then inform you that your mortgage security has been fully discharged
