After Mortgage Repayment: Checking Release of the Property Charge

The final mortgage payment is an important step, but before selling an apartment, check the registered encumbrance too. Loan repayment and updating the property register are connected; owners and buyers need confirmation of both.

Do not assume the mortgage entry has disappeared simply because the bank received the last payment. Reconcile the final balance, confirm the registration procedure and obtain an up-to-date extract for the correct property.

🔎 Step 1: confirm the final bank balance

Ask the bank to confirm the loan position after the last payment, including principal, interest and any applicable outstanding amounts. Keep proof of payment and the bank’s confirmation that the obligation has been satisfied.

If several loans or secured obligations exist, identify which agreement has been repaid and which rights relate to the apartment. One payment does not necessarily close every obligation.

Step 2: establish the documents and filing process

Ask which confirmation the bank provides, who files the request to terminate the registered mortgage and what the owner must supply. Confirm that the relevant document has actually been issued or sent.

Georgia’s property registry provides documentation for terminating a mortgage right. Filing requirements, timing and fees depend on the service and circumstances; confirm the current procedure with the bank and registration authority.

📋 Completion checklist

Stage	Evidence or action
Loan repayment	Final reconciliation and bank confirmation
Preparation	Basis for termination of the mortgage right
Filing	Applicant, application number and required records
Review	Application status and any requests for correction
Completion	Current extract for the correct cadastral property
Archive	Payment, bank records and registration result

An application number is not proof of completed registration. If processing is suspended or correction is requested, establish the reason and next steps.

Step 3: review the updated extract

After registration is completed, obtain current property information. Check the cadastral code, owner and sections concerning registered rights and restrictions.

Confirm termination of the particular mortgage securing the repaid loan. Other rights or restrictions may remain and need separate review.

If the extract conflicts with the bank’s confirmation, contact the bank and registration authority and retain application numbers and copies.

📝 A hypothetical sale

An owner repays the loan and shows a buyer a bank confirmation. The buyer requests a current extract and still sees the mortgage. This does not necessarily mean the loan remains unpaid: registration may be incomplete or require clarification.

Check the filing status and basis of the entry rather than promising removal the same day. This example describes no actual bank or service deadline.

Keep the records

Store the final payment confirmation, bank document, application details and updated extract together. This helps answer questions from a buyer or their bank.

Share only necessary copies through an agreed channel and protect personal and banking information.

Frequently asked questions

Is removal automatic?

The process depends on the specific procedure and records. Confirm who files and verify the registry result.

Does removal prove there are no other restrictions?

No. Other rights and restrictions require separate checks.

How long does it take?

Timing and charges depend on the registration service. Check current conditions before filing.

Legal and procedural information checked on 31 October 2026; confirm the individual procedure with the bank and registry. Contact BuyHome when planning a purchase or sale.