Which form contains the undertaking to discharge an existing mortgage on completion?

• A. Completion Information and Undertakings Form TA13
• B. Pre-Contract Enquiry TA6
• C. Fittings and Contents TA10
• D. Title Deed TA8

Answer: (A)

On completion the seller’s solicitor commits to discharging any existing mortgage so the buyer takes free of the lender’s charge. This obligation, and the related steps needed to secure the mortgage discharge (like obtaining the redemption statement and delivering discharge documents), is recorded in the Completion Information and Undertakings Form TA13. TA13 is designed to capture the undertakings that must be given on completion, including the discharge of the mortgage, to ensure the buyer receives a clean title and the lender is satisfied the loan is repaid.

The other forms serve different purposes: Pre-Contract Enquiry is used to obtain information before contracts are exchanged; Fittings and Contents relates to what stays with the property; and the Title Deed is the document that evidences ownership. TA13 specifically covers completion undertakings, including discharging the existing mortgage.