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  1. #1
    Join Date
    Jul 2006
    Location
    wellington
    Posts
    218

    Default Encumbering a property ?

    Hi all,

    if you have built built up your equity and want to ask the bank to unencumber a property can this be done directly with the bank or is a lawyer required to action?

    any feedback would be appreciated.

    thanks

  2. #2

    Default

    Yes. You need a lawyer to release the property. Contact yours, it's a relatively simple process for them.

    P. G

  3. #3
    Join Date
    Jul 2006
    Location
    wellington
    Posts
    218

    Default

    thanks Peter

  4. #4

    Default

    To release a property given as security or repaying a loan, speak firstly with your bank, conditions etc and then with your lawyer because the lawyer gets the instruction (papers) from the bank.
    I my case mostly been a simple job.

  5. #5
    Join Date
    Jul 2006
    Location
    wellington
    Posts
    218

    Default

    thanks Klauster, sounds like the best way to proceed.


 

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