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Mortgage Payoff Lien Release Template for England and Wales

A Mortgage Payoff Lien Release is a legal document used in England and Wales that formally acknowledges the complete repayment of a mortgage and releases the lender's security interest in the property. This document is required to remove the mortgage charge from the Land Registry records and confirm that the borrower now owns the property free from the lender's claim. It must comply with the requirements of the Law of Property Act 1925 and the Land Registration Act 2002.

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What is a Mortgage Payoff Lien Release?

The Mortgage Payoff Lien Release is a crucial document in property transactions where a mortgage has been fully repaid. It serves as official confirmation that the borrower has satisfied all obligations under the mortgage agreement and that the lender no longer holds any claim against the property. This document is essential for updating Land Registry records in England and Wales and is often required when selling or refinancing property. The release must contain specific information including property details, mortgage reference, and formal release statements as required by English law.

What sections should be included in a Mortgage Payoff Lien Release?

1. Property Identification: Details of the property including title number and address

2. Lender Information: Full legal name and details of the mortgage lender

3. Borrower Information: Full legal name and details of the borrower(s)

4. Mortgage Details: Original mortgage date, amount, and reference numbers

5. Release Statement: Formal statement releasing the lien and confirming payment

What sections are optional to include in a Mortgage Payoff Lien Release?

1. Multiple Charges Declaration: Used when multiple charges exist on the property

2. Partial Release Statement: Used when only part of the property is being released

3. Power of Attorney: Required when document is signed under power of attorney

What schedules should be included in a Mortgage Payoff Lien Release?

1. Property Description Schedule: Detailed legal description of the property

2. Payment Confirmation: Evidence of final payment and satisfaction of the mortgage

3. Land Registry Forms: Completed Form DS1 or electronic equivalent

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

England and Wales

Publisher

Genie AI

Document Type

Mortgage Release

Cost

Free to use

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Mortgage Payoff Lien Release

A legal document under English and Welsh law that confirms mortgage repayment and releases the lender's security interest in the property.

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