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Release Of Mortgage

This template is used to formally release a mortgage on a property after the loan has been fully repaid, confirming that the borrower no longer has obligations under the mortgage agreement. It is essential for clearing the property title.

Updated 16d ago
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Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date

{{date}}

To Whom It May Concern

NOTICE OF MORTGAGE RELEASE

Mortgage Details

This serves to confirm that the mortgage registered against the property described below has been fully satisfied and discharged in accordance with the terms of the mortgage agreement.

**Mortgagee (Lender):** {{mortgagee_name}}, {{mortgagee_address}}

**Mortgagor (Borrower):** {{mortgagor_name}}, {{mortgagor_address}}

**Property Description:** {{property_description}}

**Title Deed Number:** {{title_deed_number}}

**Mortgage Bond Number:** {{mortgage_bond_number}}

**Date of Mortgage Registration:** {{date_of_mortgage_registration}}

Release Statement

{{company_name}} hereby declares that all obligations and indebtedness secured by the aforementioned mortgage bond have been duly fulfilled and paid in full by the Mortgagor. Consequently, the said mortgage bond is hereby released and cancelled.

The property described above is now free and clear of the mortgage lien held by {{company_name}}.

Authorization

This release is issued with the full authority and consent of {{company_name}}.

Certification

We certify that all necessary legal and administrative requirements for the release of this mortgage have been met.

Important Notice

The Mortgagor is advised to register this release with the relevant Deeds Registry to update the property title records.

Signature

_____________________________

{{authorized_ signatory_name}}

{{authorized_signatory_title}}

For and on behalf of {{company_name}}

Date: {{signature_date}}

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