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Mortgage Release Deed for the United Kingdom

Mortgage Release Deed Template for England and Wales

A Mortgage Release Deed is a formal legal document used in England and Wales to discharge a mortgage and release the charge over a property. It serves as conclusive evidence that the mortgage has been satisfied and the lender no longer has any claim over the property. The deed must comply with the requirements of the Law of Property Act 1925 and Land Registration Act 2002, and must be registered with HM Land Registry to be effective.

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Mortgage Release Deed

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What is a Mortgage Release Deed?

A Mortgage Release Deed is used when a borrower has fully repaid their mortgage or when a lender agrees to release their security over a property for other reasons. This document is crucial in English and Welsh property transactions as it formally terminates the lender's interest in the property and allows the borrower to deal with the property free from the mortgage. The deed must comply with strict legal requirements and is typically accompanied by Form DS1 for registration at the Land Registry. It's essential for property sales, refinancing, and establishing clear title.

What sections should be included in a Mortgage Release Deed?

1. Parties: Details of the Lender and Borrower

2. Background: Details of the original mortgage, property, and reason for release

3. Definitions: Key terms used in the deed

4. Release Statement: Formal statement releasing the mortgage

5. Property Description: Legal description of the mortgaged property

6. Execution Block: Signature sections for all parties

What sections are optional to include in a Mortgage Release Deed?

1. Partial Release Provisions: Used when only part of the property is being released from the mortgage

2. Surviving Provisions: Details of any provisions that survive the release

3. Further Assurance: Commitment to execute additional documents if needed

What schedules should be included in a Mortgage Release Deed?

1. Property Schedule: Detailed legal description of the property including title number

2. Original Mortgage Details: Copy or details of the original mortgage deed

3. Plans: Property plans (especially important for partial releases)

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

England and Wales

Publisher

Ƶ

Document Type

Mortgage Document

Cost

Free to use
Relevant legal definitions




















Clauses




















Industries

Law of Property Act 1925: Primary legislation governing property law in England and Wales, including sections on mortgage discharge, deed execution requirements, and land ownership interests

Land Registration Act 2002: Legislation covering requirements for registration of mortgage release, priority of interests, and electronic registration procedures

Trustee Act 2000: Relevant when mortgage is held in trust, governing trustee duties and powers

Financial Services and Markets Act 2000: Establishes regulatory framework for mortgage lenders and financial services

Land Registration Rules 2003: Detailed regulations covering formal requirements for registration and prescribed forms for land registry

FCA Mortgage Conduct of Business Rules: Regulatory requirements governing mortgage lenders' conduct and customer treatment

HM Land Registry Requirements: Specific requirements including Form DS1 for discharge of registered charge and electronic submission protocols

Money Laundering Regulations: Compliance requirements for preventing financial crime in property transactions

Data Protection Act 2018/GDPR: Requirements for handling personal data in mortgage-related transactions and documentation

Teams

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