Unless the parties have agreed otherwise, the Mortgagor (the property owner/borrower) is legally responsible for paying the Mortgage contract registration fees. These fees must be settled with the DLD for the mortgage to come into effect. Proper reg…
Unless the parties have agreed otherwise, the Mortgagor (the property owner/borrower) is legally responsible for paying the Mortgage contract registration fees. These fees must be settled with the DLD for the mortgage to come into effect. Proper registration is a mandatory requirement, and any agreement that attempts to bypass this registration process is considered null and void. This rule ensures that the cost of securing a loan is borne by the party seeking the finance.
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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