Cancel a Sabadell, CAM or Banco Gallego mortgage at the Land Registry

Banco Sabadell today cancels mortgages from CAM, Banco Guipuzcoano, Banco Gallego, Banco Atlántico, Banco Herrero and part of Caixa Penedès. Calculate the cost and we manage it from start to finish.

Cancelling a paid-off mortgage with Banco Sabadell

Banco Sabadell has grown by buying other entities: Banco Herrero, Banco Atlántico, Banco Urquijo, Banco Guipuzcoano, CAM, Banco Gallego, Lloyds' Spanish business and the Caixa Penedès network in Catalonia and Aragon. That is why a mortgage that Sabadell cancels today may be recorded in the name of almost any of them, and the first thing to do is check what the Registry says.

With Banco Sabadell the owner does not have to sign either: the deed of cancellation is executed by an attorney-in-fact of the bank. We request the zero balance certificate (certificado de saldo cero), ask the bank to appoint an attorney-in-fact for the notary office, file the tax return with the exemption and take the deed to the Registry.

Step by step with Banco Sabadell

The order matters: most delays come from requesting the certificate without first identifying the entity that appears at the Registry.

1. 1
   Registry extract first

   We obtain an up-to-date registry extract. It tells us whether the mortgage is recorded in favour of Sabadell or of the original entity, and whether there are extensions or novations that must also be cancelled.
2. 2
   Zero balance certificate

   With your authorisation, we request from Banco Sabadell the certificate proving that the loan is fully repaid. It is free of charge and must refer to the recorded mortgage.
3. 3
   Appointment of the attorney-in-fact

   We ask the bank to appoint an attorney-in-fact to execute the acknowledgement of payment and cancellation at the chosen notary office. This is the step that most needs to be monitored.
4. 4
   Execution before a notary

   The attorney-in-fact signs the deed; if the mortgage was from CAM, Banco Gallego or another integrated entity, the succession is evidenced. You do not have to appear.
5. 5
   Tax, Registry and delivery

   Self-assessment with the AJD exemption, filing at the Registry and delivery of the registry extract in which the mortgage no longer appears.

Entities integrated into Banco Sabadell

If your deed mentions any of these entities, the cancellation is now a matter for Banco Sabadell:

Common problems with Sabadell and our solution

Frequently asked questions about cancelling with Sabadell

From your request to a property free of charges

The whole process, without leaving home

Clients who already cancelled their mortgage