MANAGE OR REJECT COOKIES.
I HAVE FINISHED PAYING THE MORTGAGE, WHAT DO I DO NOW?
Obligatory procedures at the end of your mortgage
The first thing you should do is celebrate; then, although this is not mandatory but it is highly recommended, cancel the mortgage and remove the charge from the land registry. They are simple bureaucratic procedures and, above all, they will be the last! Then, you can look out the window and think about all the possibilities that lie ahead, everything you can do with the money that you used to pay for your mortgage every month until now.
There are very few bureaucratic procedures: they can be completed by the bank that granted you the mortgage or by yourself.
It's optional. If you don't, in 20 years it will be done automatically.
However, it is essential if you decide to sell the house.
And it is not essential, but it is highly recommended, if you want to apply for a new mortgage or a loan for anything else.