When money secured by the mortgage has been discharged, a mortgage, other than a registered charge1, becomes a satisfied term and ceases unless the money was paid by a person having a limited interest in the equity of redemption who requires the mortgage to be kept alive by transfer or otherwise2. Hence there is no need for a reconveyance of freeholds or reassignment of leaseholds; and, although a surrender of the
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234