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Deed Of Variation Mortgage
"I need a Deed of Variation Mortgage to modify an existing buy-to-let mortgage with Barclays Bank, changing the interest rate from variable to fixed and extending the term by 5 years from January 2025."
1. Parties: Details of the mortgagor, mortgagee, and any other relevant parties
2. Background: Details of the original mortgage and reason for variation
3. Definitions: Key terms used in the deed including referenced documents
4. Variation Details: Specific changes being made to the original mortgage
5. Effective Date: When the variations take effect
6. Original Terms: Confirmation that all other terms remain unchanged
7. Execution: Signing requirements and attestation
1. Additional Security: Used when new property or assets are being added as security to the mortgage
2. Consent of Additional Parties: Used when consent is required from guarantors or other charge holders
3. Conditions Precedent: Used when specific requirements must be met before the variation takes effect
1. Schedule 1 - Property Description: Details of the mortgaged property
2. Schedule 2 - Original Mortgage: Copy or details of the original mortgage deed
3. Schedule 3 - Varied Terms: Detailed list of all variations being made
4. Appendix A - Supporting Documents: Any relevant supporting documentation including consents and certificates
Authors
Lender
Original Mortgage
Original Mortgage Date
Property
Charge
Variation Date
Effective Date
Mortgage Conditions
Secured Liabilities
Security
Variation
Mortgage Term
Interest Rate
Payment Date
Monthly Payment
Repayment Method
Business Day
Guarantor
Land Registry
Title Number
Legal Charge
Outstanding Amount
Parties
Related Security
Working Day
Variation
Amendment of Terms
Continuing Security
Representations and Warranties
Registration
Costs and Expenses
Notices
Governing Law
Jurisdiction
Enforceability
Further Assurance
Entire Agreement
Severability
Third Party Rights
Assignment
Payment Terms
Interest Rate Provisions
Security Provisions
Default
Remedies
Counterparts
Attestation
Priority
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