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Mortgage Receipt for the United Kingdom

Mortgage Receipt Template for England and Wales

A Mortgage Receipt is a formal document issued under English and Welsh law that provides evidence that a mortgage has been fully repaid and discharged. It serves as official confirmation from the lender that all obligations under the mortgage have been satisfied and that the charge against the property has been or will be removed. This document is crucial for property transactions and maintaining clear title records with the Land Registry.

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Mortgage Receipt

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What is a Mortgage Receipt?

A Mortgage Receipt is a critical document in English and Welsh property law that serves as formal evidence of mortgage satisfaction. It is typically issued when a borrower has fully repaid their mortgage and requires confirmation of discharge. The document includes essential details such as the property description, mortgage reference, lender and borrower information, and confirmation of full payment. This receipt is particularly important for future property transactions and Land Registry records, as it helps establish clear title to the property.

What sections should be included in a Mortgage Receipt?

1. Property Details: Full legal description of the mortgaged property including title number, address, and registered proprietor details

2. Mortgage Information: Details of the mortgage including reference number, original date of mortgage, and amount

3. Lender Details: Full legal name, registration number and registered address of the mortgage lender

4. Borrower Details: Full legal name and address of all borrower(s) as they appear on the mortgage deed

5. Payment Confirmation: Formal confirmation of the full repayment of the mortgage including the final payment date and amount

6. Discharge Statement: Formal statement confirming the discharge of the mortgage and release of the charge

What sections are optional to include in a Mortgage Receipt?

1. Third Party Authorization: Authorization details when the receipt is being collected by someone other than the borrower

2. Multiple Properties Statement: Additional statement required when the mortgage covered multiple properties

3. Electronic Registration Statement: Additional statement required for electronically registered mortgages

What schedules should be included in a Mortgage Receipt?

1. Schedule 1 - Property Title Extract: Copy of relevant title register entries showing the discharge

2. Schedule 2 - Form DS1: Land Registry discharge form evidencing the removal of the charge

3. Schedule 3 - Payment Evidence: Documentary evidence of final payment and settlement of the mortgage

4. Schedule 4 - Property Schedule: Detailed schedule of all properties covered by the mortgage (if multiple properties involved)

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 | Serial Founder & Legal AI Author

Jurisdiction

England and Wales

Publisher

Genie AI

Document Type

Mortgage Document

Cost

Free to use
Relevant legal definitions
















Clauses













Industries

Law of Property Act 1925: Core legislation governing property transactions in England and Wales, including sections on mortgages and charges on property, and requirements for property transaction documentation

Land Registration Act 2002: Legislation covering requirements for mortgage registration and proof of discharge, essential for proper documentation of mortgage status

Consumer Credit Act 1974: Legislation providing consumer protection provisions and documentation requirements for residential mortgages where applicable

Financial Services and Markets Act 2000: Establishes regulatory framework for mortgage lending and requirements for regulated mortgage contracts

FCA Mortgage Conduct of Business Rules (MCOB): Regulatory requirements covering documentation standards and fair treatment of customers in mortgage transactions

Land Registry Requirements: Specific form and content requirements for mortgage documentation and electronic registration procedures

Data Protection Act 2018 and UK GDPR: Legislation governing the handling of personal information and privacy requirements in mortgage documentation

HM Land Registry Practice Guides: Detailed guidance documents, particularly Practice Guide 31 on Discharges, specifying requirements for mortgage satisfaction documentation

Teams

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