Mortgage Receipt Template for England and Wales

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Key Requirements PROMPT example:

Mortgage Receipt

"I need a Mortgage Receipt confirming full repayment of a £450,000 mortgage on my residential property in Manchester, which was paid off on January 15, 2025, and need this for my records and upcoming sale of the property."

Document background
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.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

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

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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