Don't let your Mortgage Maturity Date surprise you in Nova Scotia

Don't let your Mortgage Maturity Date surprise you in Nova Scotia

Our law firm often gets panicked correspondence from a mortgage broker or a client asking if we can do a refinance in a "rush" when people have left their mortgage renewal or refinancing with a new lender until the very last minute. This is putting unnecessary pressure on everyone involved in the process, not the least of which being the client, and it does not have to be like that.



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Why is my Nova Scotia bank requiring me to get “Independent Legal Advice”?

Why is my Nova Scotia bank requiring me to get “Independent Legal Advice”?

If you have rights to a property in Nova Scotia, usually by way of the Matrimonial Property Act, but you are not an official owner on title to the property, the owner of the property must get your consent before they can sell or encumber it (like a mortgage or line of credit). In almost all of these circumstances, you will have to sign the legal paperwork as the ‘Releasor’, meaning you are releasing your right to prevent the property from being sold or encumbered.

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