Knowledgebase

The main criteria of review of the form HE31are:

• the company number must be similar with the company name,
• name of director and of the secretary of the company who signs the form,
• registration date of the mortgage is the same it was registered to the,
• mortgage no.: number given by the department of Land and surveys (e.g. Y(number)/(year) - Y140/2014),
• the Land Registry Office where mortgage was registered ,
• date of cancelation of mortgage,
• as in registration of mortgage the amount of cancelation must be declared in full,
• the type and registration number of the immovable property as well as the plot and area where the mortgaged property is located must be described in property release,
• the signatures must be only two (2),
• the seal on the same form as a proof of no objection to the repayment can be considered as a consent, along with the beneficiary’s signature.

Most common reasons for rejection of form by the examiner:

• the form submitted is not the statutory form. The statutory forms are available on the webpage and at the offices of the Department,
• failure to complete/submit the above details.

For further information regarding the relevant procedure, you may refer to the page Notifying settlement of Mortgage.