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The Mortgage Completion Letter is a critical document in Pakistan's property financing system, issued when a borrower has fully satisfied their mortgage obligations. This document is required by Pakistani law to formally acknowledge the completion of mortgage payments and initiate the process of removing the lender's charge from the property records. The letter typically follows the successful processing of the final payment and includes specific details about the property, the original mortgage, and confirmation of full repayment. It must comply with both the Transfer of Property Act 1882 and State Bank of Pakistan regulations, while also considering Islamic banking principles where applicable. The document serves as crucial evidence for land registry offices and provides borrowers with the necessary authorization to clear their property titles.

1. Letterhead and Date: Bank's official letterhead with complete contact details and date of issuance

2. Reference Information: Mortgage account number, property address, and original mortgage deed reference

3. Addressee Details: Full name and address of the borrower(s)

4. Confirmation of Payment: Clear statement confirming full repayment of the mortgage

5. Property Details: Complete details of the mortgaged property including its registration number

6. Discharge Confirmation: Statement confirming the discharge of the mortgage and removal of the bank's charge

7. Next Steps: Instructions for the borrower regarding property charge removal process

8. Contact Information: Relevant department contact details for any queries

9. Authorized Signatory: Name, designation, and signature of authorized bank official