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