¶¶Òõ¶ÌÊÓƵ

The Discharge of Mortgage Letter is a crucial document in New Zealand's property and banking sector, used when a borrower has fully repaid their mortgage or when a property is being sold with the mortgage to be discharged. This document serves as official confirmation from the lender that they no longer hold a security interest in the property and authorize the removal of the mortgage from the property's title. The letter must meet specific requirements under New Zealand legislation, including the Property Law Act 2007 and Land Transfer Act 2017, and typically contains details such as the property description, mortgage reference number, and confirmation of full repayment. The document is essential for property transactions and must be properly executed by authorized representatives of the lending institution to be valid for registration with Land Information New Zealand (LINZ).

1. Letter Header: Including mortgagee's letterhead, date, and reference number

2. Recipient Details: Full name and address of the mortgagor or their legal representative

3. Property Identification: Legal description of the property including title reference number

4. Mortgage Details: Mortgage number, registration date, and any other identifying details

5. Discharge Confirmation: Clear statement confirming full repayment and authority to discharge the mortgage

6. Execution Block: Signature block for authorized representative of the mortgagee

7. Contact Information: Details of the person to contact for any queries regarding the discharge