Conditional Deed Of Sale With Assumption Of Mortgage Template for England and Wales

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Conditional Deed Of Sale With Assumption Of Mortgage

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Conditional Deed Of Sale With Assumption Of Mortgage

I need a Conditional Deed Of Sale With Assumption Of Mortgage for a residential property in Manchester where the buyer will take over my existing mortgage with Barclays Bank, with completion planned for March 2025.

Document background
The Conditional Deed Of Sale With Assumption Of Mortgage is utilized in England and Wales when a property buyer wishes to assume the seller's existing mortgage rather than obtaining new financing. This arrangement can be advantageous when the existing mortgage terms are favorable or when traditional financing might be challenging to obtain. The document sets out conditions that must be met before completion, including lender approval, and contains detailed provisions regarding both the property transfer and the mortgage assumption. It's particularly relevant in cases where maintaining the existing mortgage arrangement provides financial benefits to all parties.
Suggested Sections

1. Parties: Details of seller, buyer, and current mortgage lender

2. Background: Context of the sale and existing mortgage arrangement

3. Definitions: Key terms used throughout the document

4. Property Description: Detailed description of the property being sold

5. Purchase Price: Amount and payment terms

6. Mortgage Assumption Terms: Details of the mortgage being assumed

7. Conditions Precedent: Conditions that must be met before completion

8. Completion Arrangements: Process and requirements for completion

9. Representations and Warranties: Standard property and mortgage-related warranties

Optional Sections

1. Property Insurance: Additional insurance requirements beyond standard coverage

2. Environmental Matters: Environmental conditions, warranties, and compliance requirements

3. Planning Permissions: Details of existing planning permissions and restrictions

4. Service Charges: Details of service charges for leasehold properties

Suggested Schedules

1. Property Schedule: Detailed property description including title numbers and plans

2. Existing Mortgage Details: Full details of the mortgage being assumed including terms and conditions

3. Title Documents: Copies of relevant title documents and registers

4. Property Search Results: Results of property searches and local authority enquiries

5. Lender's Consent: Written consent from existing lender for mortgage assumption

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: Fundamental legislation governing real property transactions, including requirements for legal transfers of land and formal requirements for deeds

Land Registration Act 2002: Covers requirements for registration of property transfers, priority of interests in registered land, and requirements for registration of charges (mortgages)

Law of Property (Miscellaneous Provisions) Act 1989: Contains Section 2 requirements for contracts for sale of land and formal requirements for execution of deeds

Financial Services and Markets Act 2000: Regulates mortgage lending, includes consumer protection provisions and requirements for regulated mortgage contracts

Consumer Credit Act 1974: Contains provisions relating to credit agreements and consumer protection in financial transactions

Mortgages and Home Finance: Conduct of Business Sourcebook (MCOB): FCA regulations regarding mortgage conduct and requirements for mortgage transfers

Land Registration Rules 2003: Details procedural requirements for registration and specifies forms and notices required

Transfer of Mortgages (Forms) Regulations 1995: Specifies forms required for mortgage transfers

GDPR and Data Protection Act 2018: Legislation governing the handling and protection of personal information in property transactions

Money Laundering Regulations 2017: Requirements for anti-money laundering checks and procedures in property transactions

Stamp Duty Land Tax legislation: Tax regulations governing property transactions and requirements for tax payments on property transfers

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

Find the exact document you need

Offer To Purchase A House

A formal offer document used in England and Wales to initiate the purchase of a residential property, outlining key terms and conditions of the proposed transaction.

find out more

Non Compete Agreement Sale Of Business

An English law agreement preventing a business seller from competing with their sold business, protecting the buyer's interests through reasonable restrictions.

find out more

Used Equipment Sales Agreement

An English law agreement template for the sale and purchase of used equipment, covering specifications, warranties, and transfer terms.

find out more

Sales Quota Agreement

An English law agreement establishing sales targets and related compensation structures between employers and sales personnel.

find out more

Sales Channel Partner Agreement

An English law agreement establishing the relationship between a company and its sales channel partners, defining rights, obligations, and commercial terms.

find out more

Real Estate Purchase Offer

A standardized template for making formal offers to purchase property in England and Wales, outlining key terms and conditions of the proposed transaction.

find out more

Furniture Sale Agreement

A legal agreement under English and Welsh law governing the sale and purchase of furniture items, including terms of sale, delivery, and warranties.

find out more

Deed Of Sale Motor Vehicle

A formal legal document under English and Welsh law that transfers ownership of a motor vehicle between parties, providing detailed documentation of the sale terms and conditions.

find out more

Vehicle Sale Deed Agreement

find out more

Simple Deed Of Sale Of Land

find out more

Sales Commission Contract

find out more

Sale Of Agreement For Land

find out more

Rv Sales Agreement

find out more

Purchase Contract Car

find out more

Deed Of Sale Of Motor Vehicle Form

find out more

Deed Of Sale And Purchase

find out more

Conditional Sale And Purchase Agreement

find out more

Conditional Sale Agreement Land

find out more

Contract Of Absolute Sale

A legally binding agreement under English and Welsh law that facilitates the complete and unconditional transfer of ownership rights from seller to buyer.

find out more

Boat Sale Agreement

A legal agreement under English and Welsh law governing the sale and purchase of boats, including terms, conditions, and transfer of ownership.

find out more

Horse Sale Contract With Deposit

An English and Welsh law contract for horse sales with deposit arrangements, ensuring legal compliance and protecting both parties' interests.

find out more

Private Vehicle Trade Agreement

A legally binding agreement under English and Welsh law for the private sale and purchase of vehicles between individuals.

find out more

Contract To Sell House And Lot

A legal agreement under English and Welsh law for the sale and transfer of residential property ownership between parties.

find out more

Bailment Agreement Car Dealership

A legal agreement under English and Welsh law governing temporary vehicle possession transfers between dealerships and customers.

find out more

Contract To Sell With Assumption Of Mortgage

An English law agreement enabling property sale with transfer of existing mortgage obligations from seller to buyer.

find out more

Deed Of Sale Of Absolute Sale

A formal legal document under English and Welsh law that transfers absolute ownership of property from one party to another.

find out more

Sold As Seen Contract

An English law agreement for the sale of goods in their current condition, with limited warranties and 'as seen' basis.

find out more

Sale And Contract Of Sale

A legally binding agreement under English and Welsh law documenting the transfer of goods from seller to buyer for monetary consideration.

find out more

No Home Sale Contract

An English law agreement providing financial protection against failed property sales.

find out more

Lease Agreement For Sale

A legal document governed by English law that transfers leasehold interests between parties, combining lease and sale elements.

find out more

Houses For Sale Contract For Deed

A legal agreement under English and Welsh law for property sale through seller financing, where title transfers upon completion of installment payments.

find out more

Deed Of Sale With Assumption Of Mortgage Car

A legal document under English and Welsh law enabling the sale of a vehicle while transferring existing mortgage obligations to the buyer.

find out more

Conditional Deed Of Sale With Assumption Of Mortgage

An English law deed enabling property sale with mortgage assumption, combining property transfer and mortgage assignment provisions.

find out more

Cash Sale House Contract

A legally binding agreement for the cash purchase of residential property under English and Welsh law, without mortgage financing.

find out more

Resale Agreement Draft

A legally binding agreement under English and Welsh law that establishes terms for the resale of products or services between a supplier and reseller.

find out more

Equine Sales Contract

A contract governed by English and Welsh law for the sale and purchase of horses, establishing terms, conditions, and legal obligations of all parties.

find out more

Deed Of Sale Partial Payment

A formal legal document under English and Welsh law establishing terms for a sale where payment is made in installments.

find out more

Domestic Sales Contract

A legally binding agreement for the sale and purchase of goods within England and Wales, governed by English and Welsh law.

find out more

Deed Of Sale Of A Portion Of Land

A formal legal document under English and Welsh law for transferring ownership of a portion of land from one party to another.

find out more

Deed Of Sale Form For Motorcycle

A legally binding document under English and Welsh law that transfers motorcycle ownership from seller to buyer.

find out more

Conditional Deed Of Sale Of Motor Vehicle

A legal document under English and Welsh law establishing conditional terms for motor vehicle sale and ownership transfer.

find out more

Point Of Sale Contract

A legal agreement governing immediate sales transactions between sellers and buyers under English and Welsh law.

find out more

International Sales Representative Agreement

A legally binding agreement for appointing international sales representatives, governed by English and Welsh law.

find out more

International Sales Commission Agreement

A legal agreement under English and Welsh law establishing terms between a principal and sales agent for international market representation and commission structures.

find out more

Deed Of Agreement For Sale Of Land

A formal legal document under English and Welsh law that records the terms and conditions of a land sale transaction between parties.

find out more

Absolute Deed Of Sale Of Motor Vehicle

A legally binding document under English and Welsh law that transfers complete ownership of a motor vehicle from seller to buyer.

find out more

Sales Contract Form

A standardized contract template for sale of goods under English and Welsh law, establishing terms and conditions between buyer and seller.

find out more

General Sales Agreement

A legally binding contract under English and Welsh law establishing terms and conditions for the sale and purchase of goods between parties.

find out more

International Sales Contract

A contract governed by English and Welsh law for the international sale of goods, establishing terms for cross-border trade transactions.

find out more

Company Purchase Agreement

An English law agreement for the purchase and sale of a company, including key terms and conditions under English and Welsh jurisdiction.

find out more

Contract Of Deed Of Sale

A formal legal document under English law that transfers property ownership from seller to buyer, containing all essential terms of sale and title warranties.

find out more

Short Sale Contract

A legally binding agreement under English and Welsh law governing the sale of borrowed securities in short selling transactions.

find out more

Deed Of Sale Agreement

A formal legal document under English and Welsh law for transferring property ownership between parties.

find out more

Deed Of Sale For Car

A formal legal document under English and Welsh law that transfers vehicle ownership from seller to buyer, executed as a deed with witness requirements.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.