Registration Of Mortgage Amendment By Transferring Between Financers (Complementary)

Authentication of the process of transferring and moving of mortgage from a bank to another. after approval from the bank this is during the lapse of the first quarter of the foreclosure date

Required Documents

    Individuals

  • Original title deed or ownership certificate

  • Letter from the mortgage authority of approval.

  • Proof of identity (ID / passport).

  • No objection letter from the developer of the real estate units.

  • Business

  • Original title deed or ownership certificate

  • Letter from the mortgage authority of approval.

  • Proof of identity (ID / passport).

  • The founding contract of the company

  • No objection letter from the developer of the real estate units.

  • Government Entities

  • Original title deed or ownership certificate

  • Letter from the mortgage authority of approval.

  • No objection letter from the developer of the real estate units.

Process

  • 1 Receiving the parties concerned
  • 2 Ensure fulfillment of the requirements
  • 3 Provide customer’s number
  • 4 Receiving the transaction from the transactor
  • 5 Completing the service procedures in the system
  • 6 Payment of fees
  • 7 Receipt of Title Deed / Ownership Certificate / Mortgage Contract.

Service fees

  • AED1,000.00 amendment or transfer of mortgage between financing bodies during the mortgage period, otherwise the mortgage shall be considered as new.

  • AED350.00 issuing of ownership certificate of a real estate unit or title deed

Service Duration

  • 9 Minutes