Our conveyancing solicitors will contact your lender for a redemption statement showing how much is outstanding on your current mortgage loan. Assuming the sale price is more than this amount, it will be paid off on completion of your sale out of the sale proceeds received from your buyer. Occasionally if the sale proceeds will not cover this amount, we will ask you to make up the shortfall before we exchange contracts on your behalf.  At completion, we will arrange to pay this sum to the lender.