Refinancing And Releasing Security

In this article, Lucy Mulreany and Lucy Hall from our banking and finance team, provide a guide which explains the main types of security release documents seen in Scotland and England, some of the key considerations to bear in mind when refinancing and releasing security, and how to avoid some common pitfalls when dealing with security releases.

Security release documentation

On repayment of a loan, a borrower will be entitled to formal release of all security held by the lender. This should be documented by way of the most appropriate release document, which will vary depending on the secured assets in question, the type of security being released and its governing law.

Security over land or heritable / freehold property