Chapter 13 Example of a real-life mortgage agreement

Hover over the boxed sections to see explanatory notes about the legal implications of the agreement.

MORTGAGE DEED

PRINCE BISHOPS
BANK PLC

Date: 26/03/2020

We (us) are: Prince Bishops Bank plc. 1 Cathedral Street, Durham, DH1 1FG

You, the Borrower are: Emily Barnet

The Mortgage Conditions are: Prince Bishops Bank plc General Mortgage Conditions 2020

The Property is: 1 Bridge Street, Durham

Postcode: DH31JG

Title No: DH12345

  1. The Mortgage Conditions form part of this mortgage. You confirm receipt of a copy of the Mortgage Conditions.
  2. You charge the Property by way of legal mortgage with payment of all the money payable to us under the Mortgage Conditions. This mortgage is made with full title guarantee.
  3. This mortgage secures further advances.

SIGNED AS A DEED by:

(Signature of borrower)
(Each signature to be separately witnessed)

Emily Barnet

(Signature, name (in BLOCK CAPITALS) and addresses of each witness)

In the presence of Ranneer Singh

RANNEER SINGH

Church Avenue, Durham, DH1 1AF

(Signature, name (in BLOCK CAPITALS) and addresses of each witness)

In the presence of

(Signature, name (in BLOCK CAPITALS) and addresses of each witness)

In the presence of

Occupier(s) Consent to Mortgage

I Marcus Silvester

will be in occupation of the Property at the time the mortgage is made. I agree with Prince Bishops Bank plc that any right of occupation or share or interest in the Property which I may have now or later are postponed and subject to the rights of Prince Bishops Bank plc as first mortgagee

Signed and delivered as a deed by the Occupier(s)

Marcus Silvester

Witness Signature: Ranneer Singh

Name: RANNEER SINGH

Address: 1 Church Avenue, Durham, DH1 AF

Witness Signature: Ranneer Singh

Name:

Address:

Signed on behalf of Prince Bishops Bank plc Amelia Silva


This deed will be sent to H M Land Registry for registration of the charge between Prince Bishops Bank plc and the Borrowers. No information relating to any Occupier will be registered by H M Land Registry

Of

agree to act as Guarantor of this mortgage and I accept the Mortgage Conditions. I understand that this means I will carry out all the obligations of the Borrower named on the front of this deed if Nationwide requires me to until I am released from this guarantee in writing by Nationwide. My liability will be limited to (a) the amount of the original advance (b) any further loans made to the Borrower for which I have given consent, and (c) interest and costs referred to in the Mortgage Conditions.

I understand I should get independent legal advice before signing this document.

Signed and delivered as a deed by the Guarantor

Witness Signature

Name

Address

Signed and delivered as a deed by the Guarantor

Witness Signature

Name

Address

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