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A Release of Mortgage is a legal document that officially cancels your mortgage debt and removes the lender's claim on your property in Saudi Arabia. When you fully repay your home loan, your bank provides this release, which must be registered with the proper authorities under Saudi real estate laws.

This release proves you're the full owner of your property, free from any mortgage obligations. It's essential for selling your property, taking out new loans, or transferring ownership. Under Saudi mortgage regulations, lenders must issue this release within 30 days of receiving final payment, and the document needs proper notarization to be legally valid.

Get a Release of Mortgage immediately after you've made your final payment on your Saudi home loan. This document proves you've cleared your debt and now fully own your property. It's especially crucial when you're planning to sell your property, refinance with a different bank, or use your home as collateral for a new business loan.

Many Saudi homeowners need this release during property inheritance transfers or when merging assets in a business deal. Filing delays can block important transactions and create legal complications, so request your release as soon as your mortgage is paid off. Keep the original document safe - you'll need it for future real estate transactions.

• Full Release: Completely cancels the mortgage after full payment, removing all claims on the property under Saudi law
• Partial Release: Removes the mortgage from a portion of the property while maintaining claims on other sections
• E-Release: Digital version issued through Saudi banks' electronic systems, increasingly common for modern transactions
• Conditional Release: Temporarily lifts the mortgage pending specific conditions, often used in complex property developments
• Corporate Release: Specialized version for commercial properties, including additional provisions for business assets

• Banks and Financial Institutions: Draft and issue the Release of Mortgage after receiving full loan payment
• Property Owners: Request and receive the release to prove their clear ownership rights
• Real Estate Notaries: Authenticate and register the release with Saudi land authorities
• Ministry of Justice Officials: Oversee the registration process and maintain official records
• Legal Representatives: Review and verify the release terms for both lenders and borrowers
• Property Developers: Often handle releases for multiple units in large developments

• Original Mortgage Details: Gather the mortgage agreement number, property details, and loan account information
• Payment Verification: Obtain official confirmation that the loan is fully paid, including any fees or charges
• Property Documentation: Collect current title deed and Saudi property registration numbers
• Identity Documents: Prepare copies of national IDs for all parties involved
• Bank Authorization: Secure formal approval from the lending institution
• Notary Appointment: Schedule verification with an authorized Saudi notary
• Registration Forms: Complete Ministry of Justice property registration updates

• Property Identification: Exact property details, deed number, and location per Saudi land registry
• Lender Declaration: Clear statement releasing all claims on the property
• Original Mortgage Reference: Date and registration number of the original mortgage agreement
• Party Details: Full legal names and identification numbers of lender and borrower
• Payment Confirmation: Statement confirming full settlement of the mortgage debt
• Authorization Signatures: Authorized bank official's signature and official stamp
• Notarization Block: Space for Saudi notary authentication and official seal
• Registration Details: Ministry of Justice property registration information

A Release of Mortgage differs significantly from a Mortgage Agreement in both timing and purpose within Saudi Arabia's legal framework. While both documents relate to property financing, they serve opposite ends of the transaction lifecycle.

• Timing and Purpose: A Mortgage Agreement creates the initial loan obligation and property lien, while a Release of Mortgage terminates these obligations after full payment
• Legal Effect: Mortgage Agreements establish the lender's rights over the property, but Releases permanently cancel these rights
• Documentation Requirements: Mortgage Agreements need detailed payment terms and conditions, while Releases focus on confirming debt satisfaction and property clearance
• Registration Process: New mortgages require extensive property verification, while releases mainly need proof of payment and simpler registration steps