I’m selling my property but we won’t be completing until after my mortgage ends in a few weeks time. So my plan is to pay it off now rather than take out a new mortgage for a few months and then have to pay early repayment charges. The bank has said it takes up to 15 days to notify land registry to remove the charge.
However, no one seems to know how long it takes land registry to do this. So my concern is that my sale is delayed because there’s a charge on the property which has actually been paid off but has not been updated.
Has anyone any experience of this?
Many thanks