Satisfying a mortgage or charge is simple in Inform Direct.

1. Go to the 'Mortgages' tab, and select 'Satisfy a mortgage.'

2.  Firstly select which mortgage or charge is being satisfied. Then click 'Continue.'

3. Next, check the details and select whether this is being satisfied in full or in part.

4. Enter the details of the person confirming this statement of satisfaction. This can be the name of the individual director or the company name. Although the director name is preferable both are acceptable, it is dependent on which you would rather be shown on the public record. 

Then click 'Continue.'

5. Finally, check all the details in the summary screen. When you are happy that everything is correct, tick to confirm that you have checked the details and confirm your acceptance of Inform Direct's terms and conditions and system capabilities.

Note: Once your application has been submitted to Companies House, any amendments can only be made directly at Companies House on paper after obtaining a court order.

6. To submit the documents, click the red 'Submit to Companies House' button. This will immediately file an MR04 form at Companies House electronically.

You can then produce a written resolution and board minute to approve notification to Companies House of the satisfaction.