After paying off the mortgage, the mortgage should be removed from the land and mortgage register. It is not the bank’s responsibility.

Who applies for the mortgage to be removed from the land and mortgage register?

Who applies for the mortgage to be removed from the land and mortgage register?

The bank only has to agree to delete the mortgage. Who submits the application and how long does it take to delete the mortgage? In the article, we suggest how to plot a mortgage step by step and where to download the no-entry form. 

mortgage agreements. Only in December last year, 30.6 thousand customers applied for a loan for their own apartment. By 15% compared to 2018, the value of mortgage loans also increased.

One of the last stages of the mortgage is the entry of a mortgage in the land and mortgage register and the establishment of a contractual mortgage. After paying the debt, the mortgage should be removed from the land and mortgage register. Pursuant to the Act of July 6, 1982, on Land and Mortgage Registers and Mortgage, the property owner is obliged to submit an application for the deletion of a mortgage from the land and mortgage register. Before doing so, however, you must obtain permission to release the mortgage. How to do it?

The mortgage we must obtain permission to delete the mortgage

The mortgage we must obtain permission to delete the mortgage

The consent is given to the bank that provided the financing. Issue a statement to the borrower (so-called moral receipt) confirming that the debt secured by the mortgage has been fully settled.

The bank sends the document by post and the borrower encloses it with the application for deletion of the mortgage from the quota. Many banks prepare a maze letter automatically after the last installment has been posted. Some of them charge a fee for this.

The Mazovian receipt should contain:

  • borrower’s details,
  • mortgage contract number,
  • land and mortgage register number,
  • record confirming the total repayment of the mortgage,
  • a record expressing explicit consent to delete the mortgage from the quarter

The next stage is completing the application for deletion from the land and mortgage register, which we submit to the court with the consent of the creditor and confirmation of payment of the mortgage cancellation fee.

No consent to delete the mortgage

It may happen that the bank does not agree to delete the mortgage. Most often it results from the failure to post the last payment. The transfer time depends on the hours of the outgoing and incoming transfer sessions.

If you want a quick cash transfer, it’s better to make an instant transfer. There may also be a misunderstanding about the additional costs of the loan. If the customer does not want to settle all amounts due, the bank has the right to refuse authorization to delete a mortgage.

Such problems do not apply to cash loans. A cash loan can be a good alternative, especially when you need a small amount to buy an apartment.

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