Q&As

Is it possible to register a release of security at Companies House, where a charge has been granted in favour of two chargees in the same document and one chargee is being released?

read titleRead full title
Published on LexisPSL on 10/03/2017

The following Banking & Finance Q&A provides comprehensive and up to date legal information covering:

  • Is it possible to register a release of security at Companies House, where a charge has been granted in favour of two chargees in the same document and one chargee is being released?

For general information on releasing security, see Practice Note: Releasing security and Precedent: Deed of release: for a debenture or mortgage—single company security provider—full or partial release which may be useful for your purposes.

It is important to note that release of security is effected by a release document, not by the registration of any release at Companies House.

Note in particular the section in the above Practice Note entitled: Security registered at Companies House. This states:

‘There is no statutory requirement for a chargor to notify Companies House that it has either fully or partially satisfied a debt or had its security release

Related documents:

Popular documents