Under Executive Council Resolution No. (30) of 2013, fees for registering mortgages, gifts, and debt conversions are generally paid by the person to whom the rights are transferred. In the case of a mortgage registration, this is usually the mortgag…
Under Executive Council Resolution No. (30) of 2013, fees for registering mortgages, gifts, and debt conversions are generally paid by the person to whom the rights are transferred. In the case of a mortgage registration, this is usually the mortgagor (the owner/borrower), unless the parties have agreed otherwise. The fee for registering a mortgage contract is specifically set at 0.25% of the total mortgage (debt) value, making it a clear and predictable cost for property owners seeking financing.
This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.
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