Mortgage Release Letter Template for Belgium

A formal document governed by Belgian law that provides official confirmation from a lending institution that a mortgage has been fully satisfied and the lender's security interest in the property is released. This document must comply with Belgian Civil Code requirements and the Mortgage Law of 1851, requiring proper authentication and registration with the relevant mortgage registry office. It serves as legal evidence of the discharge of the mortgage and enables the property owner to prove unencumbered ownership of the property.

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What is a Mortgage Release Letter?

A Mortgage Release Letter is a crucial document in Belgian property transactions that formally terminates a lender's security interest in a property following full repayment of the mortgage debt. This document is required when a borrower has fulfilled all obligations under a mortgage agreement and needs official confirmation that the property is free from the lender's claim. Under Belgian law, the release must be properly executed and registered to be legally effective. The letter includes specific details about the property, original mortgage registration, confirmation of full payment, and formal release declarations. It must comply with local notarial requirements and be suitable for registration with the mortgage registry office. The document is particularly important for property sales, refinancing, or when proving unencumbered ownership.

What sections should be included in a Mortgage Release Letter?

1. Lender Information: Full legal name and address of the lending institution

2. Borrower Information: Full legal name(s) and address(es) of all borrowers on the mortgage

3. Property Details: Complete legal description and address of the mortgaged property

4. Mortgage Details: Original mortgage registration details, date, and reference number

5. Confirmation of Payment: Statement confirming full repayment of the mortgage debt

6. Release Declaration: Formal declaration releasing the security interest in the property

7. Authorization: Authorization for the release to be registered with relevant authorities

8. Execution: Date and signature block for authorized bank representative

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

1. Multiple Property Release: Additional section when the mortgage covered multiple properties

2. Partial Release Statement: Used when only releasing part of the secured property

3. Related Security Release: When additional security interests are being released alongside the mortgage

4. Retention of Other Rights: Statement preserving other rights or securities if applicable

What schedules should be included in a Mortgage Release Letter?

1. Property Schedule: Detailed legal description of property/properties being released

2. Mortgage Registration Details: Complete details of mortgage registration including reference numbers and dates

3. Power of Attorney: If the release is being executed under a power of attorney

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

Jurisdiction

Belgium

Publisher

Genie AI

Document Type

Mortgage Document

Cost

Free to use

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