Mortgage Deed

Everyone reading this and who are in the process of obtaining a property loan, have come across the words “mortgage deed”. So what is a mortgage deed? To understand a mortgage deed, we first need to understand the term “mortgage”. A Mortgage loan or a property loan can be defined as the transfer of interests in a specific property to secure the loan advanced or to be advanced in the future. In other words, when a person takes a property loan, he has to pledge some property in the form of security to the lender so that the lender has an assurance, that in case of any default in the repayment of the loan, they can recover dues from that particular property.

Persons involved in Mortgage

The individual who mortgages his property against the loan is called “Mortgagor/Borrower.” While the individual/institution to whom the property is mortgaged is called “Mortgagee/Lender”.

What is a Mortgage Deed?

The instrument or legal document that enumerates various terms and conditions about the mortgage is contained in the “Mortgage Deed”. It provides the lender with interest and legal rights over a property. All the rights and interests that the borrower has over the property is pledged as collateral are consequently legalized in the Mortgage Deed.

This in-turn protects the lender, in case of any default in payment of the loan, he can claim his legal rights over the said property.

 what are the documents required for property registered in sub registrar office ?

SIMPLE MORTGAGE OR REGISTERED MORTGAGE

A mortgage deed is required when an individual is loaning money from another person/business and is required to transfer interest in a property to such person. A mortgage deed is essential as it consists of the obligations, terms and conditions between the mortgagor and the mortgagee. It determines the parties to the deed, the rights of the lender, the extent of interest and title over the property, states the loan amount along with rate of interest and of course, evidences that interest in the property has been transferred to the lender/mortgagee.

There are several kinds of mortgage in India. In a Simple mortgage, the property can be mortgaged without delivering its possession and the mortgagor binds himself personally to pay the mortgage-money, and in the deed agrees that in case the mortgager fails to pay in accordance with the deed/contract, the mortgagee will have a right over the mortgaged property. The latter can even sell this property.

We arrange this Simple Mortgage with our experienced advocate and document writer. We register this Simple Mortgage legally.

We prepare the Simple Mortgage Draft and send it to email & whatsapp within 3 hours, please confirm the details (its name and father name, address property details), the copy of a printed document will be sent through your address

Simple Mortgage draft MODEL 

PREPARE Simple Mortgage draft    

If requested we will fix you an appointment in online and a token will be generated from the official tnreginet website.

DEPOSIT OF TITLE DEEDS (EQUITABLE MORTGAGE)

Equitable mortgage is also known as mortgage by deposit of title deeds. As the name suggest, equitable mortgage is created by the borrower in favour of the lender by deposit of title deed of immovable property as security to a lender until the loan is fully repaid. This creates a charge on the property, though no legal procedure is involved. The deposit of title deed may or may not have been officiated by way of a written Memorandum of Deposit of Title Deeds Even in the absence of any such Memorandum (a written document), Equitable Mortgage is created when title deeds are deposited with the lender. Equitable mortgage can be effectuated only in the towns which are notified by the concerned State Governments.

Equitable mortgage is a type of mortgage where the terms of the agreement are made solely between the mortgagor and the mortgagee. There is no third party or government agency involved. The term “equitable mortgage” is derived from the word equity which in this context means in the interest of justice.

We arrange this Deposit of Title Deeds with our experienced advocate and document writer. We register this Deposit of Title Deeds legally.

We prepare the Deposit of Title Deeds Draft and send it to email & whatsapp within 3 hours, please confirm the details (its name and father name, address property details), the copy of a printed document will be sent through your address

Deposit of Title Deeds draft MODEL 

PREPARE Deposit of Title Deeds    

Andhra Bank

Axis Bank

Bank of Baroda

Bank of India

Canara Bank

Canfin Homes Limited

Central Bank of India

City Union Bank

DBS Bank

DHFL

FEDBANK

HINDUJA HOUSING FINANCE LIMITED, (HHFL)

HOUSING DEVELOPMENT FINANCE CORPORATION

ICICI Bank limited

IDBI Bank Limited

IDFC Bank Limited

Indian Bank

Indian Overseas Bank

Indusind Bank

Karur Vysya Bank Limited

Kotak Mahindra Bank Limited

Lakshmi Vilas Bank

LIC HOUSING FINACE LIMITED

PNB Housing Finace Limited

Reliance home Finance Limited

SIDBI

South Indian Bank Limited

Sriram City Union Finance Limited

State Bank of India

Tamilnadu Merchand Bank

Tata Capital Housing Finance Limited

Union Bank Of india

Yes Bank Ltd

If requested we will fix you an appointment in online and a token will be generated from the official tnreginet website.

If requested we will also guide you in the registrar office in person