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Mortgage Glossary: Form DS1

Form DS1

The holy grail of house purchase!

This is the Land Registry form on which a mortgagee of a registered title acknowledges that the mortgage has been paid off. Get your hands on one of these and the property is yours with nobody else having a claim on it - always providing you have not secured any bank loans against the property as well as your mortgage. Form DS1 has replaced Form 53.

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See also: Financial Services, Mortgages