UK Property Law
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It means that the Land Registry will not record any changes to the Register - be it a sale or a re-mortgage unless the person applying certifies that written notice has been to the named person so that they have a chance to object, or to take other steps to secure their money
This makes it more difficult to sell or remortgage the property
Please ask if you need further details
Your solicitor only needs to give notice BUT it is likely (if not certain) that your buyer's solicitor will insist that it is paid off - I would!