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Mortgage Cancellation Letter for the United Kingdom

Mortgage Cancellation Letter Template for England and Wales

A Mortgage Cancellation Letter is a formal document issued under English and Welsh law by a mortgage lender confirming that a mortgage has been fully repaid and discharged. This document serves as official confirmation that the borrower has satisfied all obligations under the mortgage agreement and that the charge on the property can be removed from the Land Registry records. It typically includes details of the property, the original mortgage, and confirmation of full payment.

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Mortgage Cancellation Letter

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What is a Mortgage Cancellation Letter?

The Mortgage Cancellation Letter is issued when a borrower has fully repaid their mortgage, either at the end of the term or through early repayment. This document is crucial in English and Welsh property law as it provides formal confirmation that the mortgage has been discharged and authorizes the removal of the lender's charge from the Land Registry. The letter contains essential information including property details, mortgage account references, and explicit confirmation of the discharge. It is typically accompanied by Form DS1 for Land Registry purposes and may include instructions for the return of title deeds if applicable.

What sections should be included in a Mortgage Cancellation Letter?

1. Sender Details: Full name and address of mortgage lender

2. Recipient Details: Full name and address of borrower

3. Property Details: Full address and title number of mortgaged property

4. Mortgage Reference: Original mortgage account number and date

5. Confirmation of Discharge: Clear statement that mortgage has been paid in full and discharged

What sections are optional to include in a Mortgage Cancellation Letter?

1. Title Deeds Return: Details about returning property deeds, used when physical deeds exist

2. Early Repayment Information: If mortgage was repaid before term end, include any relevant fee information

3. Future Correspondence: Additional contact information for future queries, if applicable

What schedules should be included in a Mortgage Cancellation Letter?

1. Form DS1: Land Registry discharge form for removing the charge

2. Final Statement: Statement showing zero balance, if required

3. Title Deeds: If physical deeds are being returned

Authors

Alex Denne

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

Jurisdiction

England and Wales

Document Type

Cancellation Letter

Sector

Sales

Cost

Free to use
Relevant legal definitions

















Clauses












Industries

Law of Property Act 1925: Primary legislation governing property law in England and Wales, particularly sections relating to mortgages and their discharge, including requirements for releasing charges on property

Land Registration Act 2002: Legislation governing the procedures for removing mortgage entries from the Land Registry and requirements for updating property records

Financial Services and Markets Act 2000: Regulations concerning financial institutions and mortgage lenders, including requirements for formal discharge of financial obligations

Consumer Credit Act 1974: Legislation governing regulated consumer credit agreements, including requirements for ending credit agreements where mortgages fall under consumer credit legislation

FCA Regulations (MCOB): Financial Conduct Authority's Mortgage Conduct of Business Rules specifying requirements for fair treatment of customers and mortgage administration

Data Protection Act 2018 and UK GDPR: Legislation governing requirements for handling personal information and privacy considerations in documentation

Land Registration Rules 2003: Specific requirements for documentation submitted to Land Registry, including forms and procedures for removing charges

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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