What is the cost of a mortgage discharge?
-
Don McLean from Dalkeith
-
12 June 2017
-
Legal questions and answers
Question
Having completed a mortgage with the Alliance and Leicester, what does it cost to have a mortgage discharge as required under Scottish Law? Does this have to be done by a solicitor? Your advice would be extremely helpful.
Answer
The cost of a discharge is not a large expense. The registration dues amount to £60 in every case.The fee charged by a solicitor should not be substantial but it will vary from one firm to the next - my firm charges £200 + VAT for this service, totalling £300 with the registration fees. These figures may change in the future.
Most of the lenders will not deal with anyone other than a solicitor and, in any event, it is essential to ensure that the discharge is properly framed. As Alliance & Leicester is part of Santander Group, the discharge will not be a straightforward document so it is unlikely that anyone would be able to draft it correctly without conveyancing experience.
Mary McQueen, McQueen Legal
Take a look at our guide on conveyancing in Scotland for further advice on the Scottish conveyancing process.
Mary McQueen
McDougall McQueen
Ask a question
We've already helped over 2,706,500 movers
I found it really helpful to have a comparison of the costs and level of service for each firm clearly set out. It made finding a solicitor extremely easy, and I would not have been able to have got such good value for money without it
Bridgend, June 2018