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Deed Of Variation Mortgage
"I need a Deed of Variation Mortgage to modify an existing buy-to-let mortgage with Barclays Bank, changing the interest rate from variable to fixed and extending the term by 5 years from January 2025."
1. Parties: Details of the mortgagor, mortgagee, and any other relevant parties
2. Background: Details of the original mortgage and reason for variation
3. Definitions: Key terms used in the deed including referenced documents
4. Variation Details: Specific changes being made to the original mortgage
5. Effective Date: When the variations take effect
6. Original Terms: Confirmation that all other terms remain unchanged
7. Execution: Signing requirements and attestation
1. Additional Security: Used when new property or assets are being added as security to the mortgage
2. Consent of Additional Parties: Used when consent is required from guarantors or other charge holders
3. Conditions Precedent: Used when specific requirements must be met before the variation takes effect
1. Schedule 1 - Property Description: Details of the mortgaged property
2. Schedule 2 - Original Mortgage: Copy or details of the original mortgage deed
3. Schedule 3 - Varied Terms: Detailed list of all variations being made
4. Appendix A - Supporting Documents: Any relevant supporting documentation including consents and certificates
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