Second charge

Hi,&#160;<br> <br> I have a second charge which has been paid and over 3 years old, i am going through a refinance to secure funds for my mortgage arrears to avoid repossession.<br> <br> When my solictor applies today can this be completed within 2-3 days otherwise i could face losing my home.<br> <br> I have an offer already in place

Hi Sultan - that will depend on a few key things. The first is them lodging it and then requesting expedition separately.<br> The second is what charge and ho it is being removed - if it's a legal charge and a paper DS1 then wider checks will be needed and the timescale will be stretched markedly as a result<br> If it's an electronic discharge then it can be done in seconds but I suspect it's not hence your asking

Thanks Adam,<br> <br> They will lodge today so hoping can be done within a few days.&#160;<br> <br> Not sure difference between electronic and legal charge - the second charge issues was for funds i took out...&#160;<br> <br> How can you check if the second charge put on was electronic?<br> <br> &#160;

Sultan - it's not what was put on but what's submitted to remove it. I suspect if your solicitor is applying then it's not the lender removing their own charge electronically.&#160;<br> As such the solicitor needs to request expedition separately.&#160;<br> How long it then takes before the register updates is dependent on what's submitted and what checks (if any) are needed<br> Your solicitor should be able to clarify that for you