Request Letter To Bank For Release Mortgage Property Template for Pakistan

The Request Letter to Bank for Release Mortgage Property is a crucial document in Pakistani banking and property transactions, typically prepared after the full repayment of a mortgage loan. This formal request initiates the process of mortgage discharge and the return of original property documents from the bank to the borrower. The letter must comply with Pakistani banking regulations, including the Banking Companies Ordinance 1962 and the Transfer of Property Act 1882. It is used when a borrower has fulfilled all loan obligations and seeks to clear the mortgage charge from their property records. The document should include comprehensive information about the loan account, property details, repayment confirmation, and necessary supporting documents. This letter serves as an official record of the request and triggers the bank's internal processes for mortgage release, making it a vital component in completing the mortgage discharge process in Pakistan.

1. Letter Header: Include sender's name, address, contact details, and date

2. Bank Details: Full name and address of the bank branch, including relevant department

3. Subject Line: Clear indication that this is a request for mortgage property release

4. Reference Information: Loan account number, mortgage deed number, and any other relevant reference numbers

5. Property Details: Complete details of the mortgaged property including address and registration information

6. Loan Status Declaration: Statement confirming that the loan has been fully repaid with relevant payment details

7. Formal Request: Clear statement requesting the release of mortgage and return of property documents

8. Supporting Documents Reference: List of enclosed documents proving loan repayment and ownership

9. Contact Information: Preferred contact details for follow-up communications

10. Closing and Signature: Professional closing, name, signature, and any relevant titles or designations