This service applies where the seller has an existing mortgage that must be settled before ownership transfer to a cash buyer.
Cash Buyer to Cash Seller
Noor Conveyancing manages property transfers where the buyer pays in cash and the seller has an existing mortgage that must be cleared before transfer. We coordinate with the seller’s bank to settle the outstanding loan, obtain clearance letters, secure the developer NOC, and complete the transfer at the Trustee Office—ensuring a secure, compliant, and well-structured transaction for both parties.
Typical Timeline: 15–30 working days, depending on seller’s bank
Typical resale timeline: 2–6 weeks
This depends on:
👉 Cash deals are usually faster (2–3 weeks).
👉 Mortgage deals take longer (4–6+ weeks).
Bank delays are common and usually relate to:
Impact:
⚠️ Conveyancers and agents are not liable for bank delays, as banks are independent third parties.
If the buyer fails to proceed without valid legal reason:
If the delay is due to:
NOC (No Objection Certificate) is required:
📌 Without a valid NOC, DLD will not process the transfer.
Validity is usually 30 days (varies by developer).
