Deed of release: for a debenture or mortgage—single company security provider—full or partial release
Deed of release: for a debenture or mortgage—single company security provider—full or partial release

The following Banking & Finance guidance note provides comprehensive and up to date legal information covering:

  • Deed of release: for a debenture or mortgage—single company security provider—full or partial release
  • Parties
  • Recitals
  • The ScheduleThe Assets

This Deed is made on [insert day and month] 20[insert year]

Parties

  1. 1

    [insert name of Lender], a company incorporated in England and Wales with registered number [insert company number] whose registered office is at [insert address] (the Lender); and

  1. 2

    [insert name of Chargor] a company incorporated in England and Wales with registered number [insert company number] whose registered office is at [insert address] (the Chargor)

Recitals

    1. (A)

      In accordance with a [debenture OR mortgage] dated [insert date] (the [Debenture OR Mortgage]) the Chargor charged the [Charged Property OR Assets] (see below for definitions) in favour of the Lender.

    2. (B)

      [In consideration of payment of the sum of £[insert amount] to the Lender by or on behalf of the Chargor, the Lender has agreed to release the [Charged Property OR Assets] from the [Debenture OR Mortgage].]

The parties agree:

  1. 1

    Definitions and interpretation

    1. 1.1

      Unless otherwise provided the