The Contract For Deed With Existing Mortgage is utilized in England and Wales when traditional mortgage financing isn't suitable or available for property buyers. This document structures an agreement where the seller continues paying their existing mortgage while simultaneously selling the property through installment payments from the buyer. It's particularly relevant in situations where buyers need alternative financing options or when traditional mortgages are challenging to obtain. The contract must carefully balance the rights and obligations of all parties while ensuring compliance with English property law, mortgage regulations, and financial conduct requirements. It includes detailed provisions for payment terms, property maintenance, default procedures, and the eventual transfer of legal title.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of seller and purchaser
2. Background: Context of the transaction and existing mortgage situation
3. Definitions: Key terms used throughout the document
4. Property Description: Detailed description of the property being transferred
5. Purchase Price and Payment Terms: Amount and schedule of payments
6. Existing Mortgage Provisions: Details of existing mortgage and responsibilities
7. Transfer of Title: Conditions for final transfer of legal title
8. Default Provisions: Consequences of payment default
1. Insurance Requirements: Property insurance obligations - include when specific insurance requirements need to be outlined
2. Property Management: Maintenance responsibilities during contract period - include when property management duties need clarification
3. Assignment Rights: Rights to assign the contract - include when assignment possibilities need to be addressed
1. Property Schedule: Detailed property description including plans and boundaries
2. Payment Schedule: Detailed payment terms and amortization schedule
3. Existing Mortgage Details: Copy of existing mortgage terms and conditions
4. Property Condition Report: Current condition of property at contract date
5. Title Documents: Copies of relevant title documents and searches
Authors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Release Of Liability Mortgage
An England & Wales legal document releasing a party from mortgage obligations while maintaining the mortgage's validity.
find out more
Relationship Letter For Mortgage
An England & Wales document detailing shared property arrangements for non-mortgage parties.
find out more
Real Estate Mortgage Form
An England & Wales legal document securing a lender's interest in property through mortgage financing terms and obligations.
find out more
Real Estate Mortgage Agreement
An England & Wales legal document securing a loan against real property, detailing lender and borrower obligations.
find out more
Property Mortgage Agreement
An England & Wales legal document outlining terms for property financing and securing loans with property collateral.
find out more
Purchase Money Trust Deed
An England & Wales legal document outlining beneficial ownership and trustee duties in property purchase arrangements.
find out more
Mortgage Reinstatement Request Letter
An England & Wales legal document requesting mortgage reinstatement after arrears, detailing repayment plans and circumstances.
find out more
Mortgage Receipt
An England & Wales legal document confirming full mortgage repayment and clear property title establishment.
find out more
Mortgage Note Document
An England & Wales legal document securing a loan against property, detailing repayment and security terms.
find out more
Mortgage Loan Application Form
A legal document in England & Wales for assessing mortgage loan eligibility and compliance with regulations.
find out more
Mortgage Facility Letter
An England & Wales legal document detailing mortgage financing terms and conditions between lender and borrower.
find out more
Mortgage Confirmation Letter
An England & Wales document confirming mortgage terms, conditions, and obligations for property financing transactions.
find out more
Mortgage Confirmation Form
An England & Wales document confirming mortgage terms, detailing property, loan, and compliance with FCA regulations.
find out more
Mortgage Completion Letter
A legal document in England & Wales confirming the execution and terms of a completed mortgage transaction.
find out more
Mortgage Cancellation Deed
An England & Wales legal document confirming mortgage repayment and enabling property charge removal from Land Registry.
find out more
Mortgage Application Closed Letter
An England & Wales document formally rejecting a mortgage application, detailing reasons, next steps, and consumer rights.
find out more
Mortgage Amendment Form
An England & Wales legal document modifying mortgage terms without full refinancing, ensuring compliance and registration.
find out more
Mortgage Acceptance Letter
An England & Wales legal document detailing approved mortgage terms and conditions for a borrower's acceptance.
find out more
Letter To Lender
A formal document under England & Wales law requesting loan terms or modifications from a lender.
find out more
Letter From Mortgage Lender
An England & Wales document detailing a lender's mortgage offer and conditions for property financing.
find out more
Letter For Mortgage
An England & Wales legal document confirming a lender's mortgage offer and terms after successful application.
find out more
Lender Approval Letter
An England & Wales document confirming lender's credit approval and outlining loan terms and conditions.
find out more
Letter Of Down Payment
An England & Wales document confirming a down payment, detailing terms and protecting parties in high-value transactions.
find out more
Job Letter For Mortgage
A formal document verifying employment details for mortgage applications in England & Wales.
find out more
Housing Need Explanation Letter
An England & Wales document detailing housing needs for social housing or homelessness assistance applications.
find out more
Home Loan Letter
An England & Wales document offering mortgage finance terms after borrower assessment and property valuation.
find out more
Home Financing Documents Release Form
An England & Wales legal form authorizing the release of mortgage documents post-loan satisfaction or refinancing.
find out more
Hardship Affidavit For Mortgage
An England & Wales legal document detailing a borrower's financial hardship for mortgage relief consideration.
find out more
Gift Letter For Home Loan
An England & Wales legal document confirming a financial gift for property purchase, ensuring compliance with mortgage regulations.
find out more
Guarantors Covenant Mortgage Deed
An England & Wales legal document ensuring a guarantor fulfills mortgage obligations if the borrower defaults.
find out more
Deed Of Sale With Assume Balance
An England & Wales legal document formalizing structured payment arrangements and settling existing debts between parties.
find out more
Contract For Deed With Existing Mortgage
An England & Wales legal document outlining compensation terms for property damage without court involvement.
find out more
Consent To Mortgage
An England & Wales legal document formalizing debt repayment terms between individuals or businesses.
find out more
Borrower Authorisation Form Mortgage
An England & Wales legal document outlining structured partial debt repayment terms between creditor and debtor.
find out more
Authorisation Letter For Mortgage
An England & Wales legal document outlining structured debt repayment through scheduled installments.
find out more
Letter Of Explanation Of Relationship For Mortgage
A formal letter used in England and Wales to explain relationships between parties involved in a mortgage application, meeting FCA and UK lending requirements.
find out more
Letter Of Explanation For Credit Inquiries For Mortgage
A formal explanation letter used in England and Wales to clarify credit inquiries during mortgage applications.
find out more
Mortgage Warranty Deed
A formal legal document under English and Welsh law creating a security interest over real property, including warranties and covenants from the borrower to the lender.
find out more
Second Lien Deed Of Trust
An English law security instrument creating a second-ranking trust arrangement over real property to secure a loan obligation.
find out more
Letter Of Explanation For Address Variation
A formal document under English and Welsh law explaining changes in residential address, typically used for institutional compliance and record-keeping purposes.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)