This is the most complex transfer type, involving loan settlement for the seller and loan disbursement for the buyer.
Mortgage Buyer to Mortgage Seller
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.
Preparing the correct documentation in advance helps ensure that the property transfer process proceeds smoothly and without delays.
Typical Timeline: 45–60 working days
This occurs when the buyer is obtaining a mortgage from a bank to purchase the property and the seller also has an existing mortgage on the property that must be settled before the transfer can be completed.
Both banks must coordinate the settlement process before the ownership transfer can proceed.
This transaction involves two banks and requires coordination between:
The seller’s mortgage must be fully settled before the title deed can be transferred to the buyer
A Liability Letter is issued by the seller’s bank confirming:
The buyer’s bank uses this letter to arrange the mortgage settlement.
If the transaction does not complete within the validity period, the seller must request a new liability letter from the bank, which may delay the transfer process.
The buyer’s bank will issue a manager’s cheque or settlement payment to the seller’s bank for the outstanding loan amount.
Once the loan is settled, the seller’s bank releases the mortgage clearance documents.
The buyer typically needs to provide:
The seller must provide:
No. The transfer can only proceed once the seller’s mortgage has been fully settled and the bank releases the property from the mortgage.
A Finance Buyer to Finance Seller transaction typically takes 4–8 weeks, depending on:
• mortgage approval timelines
• bank coordination
• developer NOC issuance
• document preparation
This type of transaction requires careful coordination between multiple parties.
A conveyancer ensures:
This significantly reduces the risk of delays or transaction failure.
