In particular we focus on getting the loan structure right the first time, choosing which lenders to use in the right order (yes this is important) and finally getting our clients the best deal possible.
To discharge a mortgage, you must notify your lender to discuss your plans to discharge. Then, complete and return the Discharge Authority form to your lender (plus the new lender if you are refinancing). The solicitor in charge will register your discharge and issue an updated Certificate of Title.
A discharge of mortgage is when you remove a home loan from the title of your property. When you have a home loan, the bank holds the Certificate of Title on your property until the home loan is repaid. When you’ve paid the full amount of your home loan, you need to go through a process to discharge the mortgage and remove the lender from your title.
You also discharge a mortgage when you sell your house or refinance your home loan. As a refinancer, you are getting a new home loan and discharging the old one.
