What is a ‘vacate/deeds on final receipt’?

When a mortgage is paid in full and the bank is no longer relying on the property as security for any other mortgage loans, the bank will release the charge with the property registration authority and this process is known as a “vacate”. When this is complete, and the customer has requested the deeds to be returned to them, they are returned to the customer under a process which is known as “Final Receipt”.

If you have any other queries about deeds and securities you can call us on 01 6113333.