01/09/2026
Repaid your company's secured loan? Don't stop there!
One of the most common mistakes that property investors make is assuming that once a loan balance hits £0, everything is automatically cleared.
Once a company has fully repaid a secured loan, there are a few important housekeeping steps to take:
✅ Seek written confirmation from the lender that the loan has been repaid in full.
✅ Arrange for the Standard Security to be discharged from the title deeds at Registers of Scotland
✅ Check Companies House and make sure all registered charges associated with the loan have been marked as satisfied (eg the Standard Security AND any Bond & Floating Charge). The historic charges may remain on the Company File, but their status should show as "satisfied".
✅ Deal with Personal Guarantees (PGs). Don’t simply assume that repayment means the PGs have disappeared. Ask the lender for written confirmation that each PG has been formally released/discharged and that no further liability remains.
In short: repaying the loan is only part of closing out the borrowing. Make sure your paperwork reflects the fact that the debt has been cleared.
Don’t allow a lender to keep a hold over your / your company’s assets once you’ve repaid a debt owed to them.
Your lender will do none of this for you automatically. But your solicitor can if you instruct them to do so.
