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England & Wales · SRA / CLC firms

Redemption statement

The figure a lender provides setting out exactly what is needed to repay a mortgage in full on a given date, including interest and any charges. Obtaining it, reading it correctly, and discharging the charge afterwards is a recurring source of conveyancer negligence claims.

At a glance
Jurisdiction
England & Wales
Lenders covered
30
Handbook
UK Finance · Part 1 & 2

Part 2 of the UK Finance Mortgage Lenders' Handbook is amended by lenders without notice. Check the current version before relying on any requirement described here.

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This page is written for conveyancers and is general information rather than advice on any individual matter. Lender Monitor has no affiliation with the lenders it names, holds no endorsement from them, and is not owned by any of them; their names are reproduced only so that readers can tell which lender's requirements are under discussion.