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Request for Mortgage Transfer

Description
This service allows customers to transfer mortgages of all types (request for mortgage/ usufruct mortgage/ initial mortgage/conservative mortgage transfer on a property from the current financer to the new financer, in order to guarantee the rights on the property.
Required Documents
  1. Original title deed
  2. No Objection letter from the previous bank for the mortgage transfer
  3. Letter from the new bank on registering the mortgage
  4. Three mortgage contracts certified by the mortgagee bank and signed by both parties
  5. Identity card of the owner
  6. NOC from the developer (deferred sale/ initial registration certificate - Oqoodi)
Service Procedures

The customer shall apply for the service through a service channel.

The request shall be reviewed and then returned where the title deed, balances, and mortgage papers will be printed and handed over to the customer.

Service Fee
  • 0.25% of the mortgage value
  • AED 20 Knowledge and Innovation fees

In the case of a normal mortgage with a title deed / usufruct title deed

  • AED 250 fee for title deed issuance
  • AED 20 Knowledge and Innovation fees (in addition to previous fees)

In the case of a conservative mortgage with a title deed / usufruct title deed

  • (AED 250 fee for title deed issuance + AED 20 Knowledge and Innovation fees) x number of title deeds (in addition to previous fees)

Registration Trustee fees:

  • AED 4,000 service fee

Registration Trustee fees for initial sale registration (Oqoodi):

  • AED 5,000 service fee
Service Branches
  • Registration Trustees offices (oustide)
  • Dubai Land Department- Main Office
 
Related Services Search for Registrations Trustees
Additional Information

​N/A

Last updated 10/02/2019 14:53:17
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