Mortgage Buyer to Mortgage Seller Conveyancing

This is the most complex transfer type, involving loan settlement for the seller and loan disbursement for the buyer.

Mortgage Buyer to Mortgage Seller

Mortgage Buyer to Mortgage Seller Conveyancing in UAE

We manage complex property transfers where both the buyer and seller have active mortgages. This includes coordinating with both banks for loan settlement and new mortgage disbursement, handling property blocking, securing clearance letters, and completing the final transfer at the Trustee Office. With multiple compliance and financial checkpoints involved, we ensure strict sequencing, risk control, and a smooth issuance of the Title Deed.

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What We Handle

Typical Timeline: 45โ€“60 working days

Why Professional Conveyancing Matters Here

Important Notes:

Frequently Asked Questions

How long does the transfer take?

Typical resale timeline: 2โ€“6 weeks

This depends on:

  • Buyer type (cash vs mortgage)
  • Bank processing time (valuation, FOL, clearance)
  • Developer NOC issuance
  • Trustee appointment availability

๐Ÿ‘‰ Cash deals are usually faster (2โ€“3 weeks).
๐Ÿ‘‰ Mortgage deals take longer (4โ€“6+ weeks).

Bank delays are common and usually relate to:

  • Valuation backlogs
  • Internal credit approval
  • Final Offer Letter (FOL) issuance
  • Seller mortgage clearance

Impact:

  • Transfer date may shift
  • Form F validity may need extension
  • Trustee appointment rescheduled

โš ๏ธ Conveyancers and agents are not liable for bank delays, as banks are independent third parties.

NOC (No Objection Certificate) is required:

  • Before transfer
  • Issued by the developer
  • Confirms no outstanding service charges or violations

๐Ÿ“Œ Without a valid NOC, DLD will not process the transfer.

Validity is usually 30 days (varies by developer).

These are bank-critical documents in mortgage transactions:

๐Ÿ”น OLL โ€“ Outstanding Liability Letter

  • Issued by sellerโ€™s bank
  • Confirms exact mortgage amount to be settled
  • Required to release the title

๐Ÿ”น FOL โ€“ Final Offer Letter

  • Issued by buyerโ€™s bank
  • Confirms approved loan terms
  • Triggers managerโ€™s cheque preparation

๐Ÿ“Œ Without OLL/FOL โ†’ no clearance โ†’ no transfer.

Hassle-free property transfers with full legal compliance