Deed of Postponement

Where a registered charge is to be postponed in favour of a subsequent charge, a Deed of Postponement (Precedent 8.J) should be executed by the owner of the existing charge, and this should be lodged in the Registry together with:

(i) the relevant Land Certificate;

(ii) the Certificate of Charge relating to the charge being postponed,

(iii) the new charge (normally in duplicate)

PRECEDENT 8.J
DEED OF POSTPONEMENT

LAND REGISTRY

Folio:
County:
Registered Owner:
Registered Owner of Charge: CD Bank Limited

This Deed of Postponement made the .......... day of .......... 20.. between CD Bank Limited of ...... of the one part and XY Building Society of ...... (hereinafter called “the Society”) of the other part.
Witnesseth that CD Bank Limited as owner of a Charge registered on the above folio on .......... 20.. hereby postpones the said Charge to the charge dated .......... 20.. created by the above-named registered owner in favour of the Society.

This postponement relates only to the aforesaid Charge in favour of the Society and to no other.

Present when the Common Seal of CD Bank Limited was affixed hereto: