We use first and third-party cookies for analytical and statistical purposes and to show you personalised advertisements based on a profile compiled from your browsing habits (e.g. pages visited). For more information, click on our Cookie Policy. You can accept all cookies by pressing 'Accept', you can reject all cookies by pressing 'Reject', or you can customize your choice by pressing 'Manage'.
What is a certificate of outstanding debt?
A certificate of outstanding debt is a document that banks issue at the request of the borrower to certify the amount they still have to repay on their mortgage.
The need for a certificate of outstanding debt arises when selling a mortgaged property. The certificate will state the outstanding amount owed to the bank that granted the mortgage.
The two amounts – the part corresponding to the seller and the part corresponding to the bank – are usually settled in the act of sale. The sum of both amounts will coincide with the sale price.
Still don't know which mortgage is best for you? We'll help you decide
What information does the certificate of outstanding debt contain?
The certificate of outstanding debt shows the outstanding principal on the mortgage at the certificate issue date. It usually also shows any interest due and any late-payment interest, as well any early repayment fees or penalties.