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The First Payment Letter Mortgage is a standard document used in Dutch mortgage lending practice that serves as formal confirmation of the successful initiation of a mortgage agreement through the first payment. This document is typically issued after the mortgage deed has been executed and the first payment has been received and processed. It provides crucial information about payment allocation, confirms the payment schedule, and establishes the ongoing payment relationship between the lender and borrower. The letter is particularly important in the Netherlands where mortgage administration requires clear documentation of payment initiation and terms. It forms part of the required documentation for mortgage administration and compliance with Dutch financial regulations, including the Financial Supervision Act (Wft) and the Code of Conduct for Mortgage Loans.

1. Letter Header: Bank's letterhead, date, reference number, and recipient's details

2. Subject Line: Clear indication that this is a First Payment Letter for Mortgage [Reference Number]

3. Mortgage Details: Key details of the underlying mortgage including property address, mortgage amount, and mortgage deed date

4. Payment Confirmation: Confirmation of the first payment amount, date received, and allocation (principal, interest, fees if applicable)

5. Payment Schedule Reference: Reference to the agreed payment schedule and next payment due date

6. Account Information: Confirmation of the bank account from which payment was received and account for future payments

7. Contact Information: Details of whom to contact for queries or issues regarding the mortgage payments