Best Mortgage Lawyers in Bangladesh

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FM Associates

FM Associates

Dhaka, Bangladesh

Founded in 1896
50 people in their team
Lawyers in Bangladesh | FM Associates | Leading Law Firm in BangladeshFM Associates is among the very few leading Law Firm in Dhaka and Chittagong,...
Bengali
English
A.S & Associates

A.S & Associates

Dhaka, Bangladesh

Founded in 2000
50 people in their team
A.S & Associates is a leading Bangladeshi law firm based in Dhaka with a branch office at Mymensingh and a networked legal firm at Moulvibazar,...
Bengali
English
PREMIUM LEGAL AND CONSULTANCY FIRM

PREMIUM LEGAL AND CONSULTANCY FIRM

Dhaka, Bangladesh

Free Consultation: 15 mins


Founded in 2021
3 people in their team
Our heartiest welcome goes to you. Let us allow to introduce ourselves. PREMIUM LEGAL AND CONSULTANCY FIRM is a full service law chambers where we...
English
Bengali
Primus Legal (Law Firm)

Primus Legal (Law Firm)

Dhaka, Bangladesh

Founded in 2011
50 people in their team
Our MissionOur aim is to satisfy our clients through a deep understanding of their needs, their businesses, and their industries, and by providing...
Bengali
English
Tanjib Alam and Associates

Tanjib Alam and Associates

Dhaka, Bangladesh

Founded in 2009
50 people in their team
Tanjib Alam and Associates is a fully fledged law firm in Bangladesh consisting of associates with vast experience in corporate and commercial...
Bengali
English
Syed Ishtiaq Ahmed & Associates (SIA&A)

Syed Ishtiaq Ahmed & Associates (SIA&A)

Dhaka, Bangladesh

Founded in 2000
50 people in their team
ABOUT USSyed Ishtiaq Ahmed & Associates (SIA&A) is a leading law firm in Dhaka, Bangladesh.  SIA&A is the Chambers and law firm...
Bengali
English
Sattar&Co.

Sattar&Co.

Dhaka, Bangladesh

Founded in 2013
50 people in their team
About Sattar&Co.Sattar&Co. is a high-calibre law firm with a combination of in-depth specialist skills and overarching understanding of the...
Bengali
English
OGR Legal

OGR Legal

Dhaka, Bangladesh

Founded in 2000
50 people in their team
OGR Legal is a Bangladeshi law firmwith a rare and invaluable grasp of strategic commercial and practical issues. We combine exceptional legal...
Bengali
English
Nakib & Associates

Nakib & Associates

Dhaka, Bangladesh

Founded in 2013
50 people in their team
PrefaceOn the current wave of growing business expansion and the booming economic development across the globe, Bangladesh can in no way be thought...
Bengali
English
Shawn Novel & Associates

Shawn Novel & Associates

Dhaka, Bangladesh

Founded in 2007
10 people in their team
About UsShawn Novel & Associates is a reputed law firm committed to providing excellent quality legal services to its clients. At our firm, we...
Bengali
English

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About Mortgage Law in Bangladesh

Mortgage in Bangladesh refers to the process where an individual or entity pledges real property as security for a loan. This allows borrowers to obtain financing by offering collateral, which can be foreclosed upon in the event of default. The legal framework for mortgages in Bangladesh is governed by various laws and regulations to protect the rights of both borrowers and lenders.

Why You May Need a Lawyer

There are several situations where you may require legal assistance in mortgage matters, including reviewing loan agreements, resolving disputes with lenders, negotiating terms of a mortgage, handling foreclosure proceedings, and understanding your rights and obligations under the law. A lawyer can provide valuable guidance and representation to ensure your interests are protected throughout the mortgage process.

Local Laws Overview

In Bangladesh, the key laws governing mortgages include the Transfer of Property Act, 1882, and the Registration Act, 1908. These laws outline the legal requirements for creating, transferring, and enforcing mortgages, as well as the procedures for registration and documentation. Additionally, the Bangladesh Bank regulates mortgage lending practices to promote transparency and stability in the financial system.

Frequently Asked Questions

1. What is the process of obtaining a mortgage in Bangladesh?

In Bangladesh, the process of obtaining a mortgage involves applying for a loan with a lender, providing collateral in the form of real property, signing a mortgage deed, and registering the mortgage with the appropriate authorities.

2. What are the rights and obligations of a borrower in a mortgage agreement?

A borrower in a mortgage agreement has the right to use the property as long as they comply with the terms of the loan, make timely payments, and maintain the property in good condition. The borrower is obligated to repay the loan amount as per the agreed terms and bear the expenses related to the maintenance of the property.

3. How can a borrower protect their rights in a mortgage transaction?

A borrower can protect their rights in a mortgage transaction by carefully reviewing the terms and conditions of the loan agreement, seeking legal advice if needed, ensuring proper documentation and registration of the mortgage, and staying informed about their rights and responsibilities under the law.

4. What are the consequences of defaulting on a mortgage in Bangladesh?

If a borrower defaults on a mortgage in Bangladesh, the lender has the right to initiate foreclosure proceedings, seize the collateral, and sell the property to recover the outstanding loan amount. The borrower may also face legal action, credit damage, and loss of the property.

5. Can a mortgage be transferred or assigned to another party in Bangladesh?

Yes, a mortgage in Bangladesh can be transferred or assigned to another party with the consent of the lender and the new borrower, subject to the terms and conditions of the original mortgage agreement and the applicable laws.

6. What are the common issues that may arise in a mortgage transaction?

Common issues that may arise in a mortgage transaction in Bangladesh include disputes over the terms of the loan agreement, non-payment of loan installments, improper documentation, title defects, undisclosed liabilities, and foreclosure proceedings.

7. How can a lawyer help in resolving mortgage disputes in Bangladesh?

A lawyer can help in resolving mortgage disputes in Bangladesh by providing legal advice, negotiating with the lender, representing the borrower in court proceedings, preparing legal documents, and advocating for the borrower's rights and interests.

8. Is it mandatory to register a mortgage in Bangladesh?

Yes, it is mandatory to register a mortgage in Bangladesh to make it valid and enforceable against third parties. The registration of a mortgage provides legal protection to the lender and establishes the priority of the mortgage over other claims on the property.

9. What are the costs involved in registering a mortgage in Bangladesh?

The costs involved in registering a mortgage in Bangladesh include stamp duty, registration fees, legal fees, and other incidental expenses. The exact amount varies depending on the value of the property and the applicable rates set by the government.

10. How can I find a qualified lawyer for mortgage matters in Bangladesh?

You can find a qualified lawyer for mortgage matters in Bangladesh by seeking referrals from trusted sources, conducting online research, contacting legal associations, and scheduling consultations with potential candidates to discuss your specific needs and concerns.

Additional Resources

For additional resources and information on mortgage laws in Bangladesh, you can refer to the Bangladesh Bank website, the Department of Land Records and Surveys, the Supreme Court of Bangladesh, and the Bar Council of Bangladesh. These organizations provide valuable guidance and resources to individuals in need of legal assistance in mortgage matters.

Next Steps

If you require legal assistance in mortgage matters in Bangladesh, it is advisable to consult with a qualified lawyer who specializes in real estate law and mortgage transactions. The lawyer can assess your situation, provide tailored advice, represent you in negotiations and legal proceedings, and help you navigate the complexities of mortgage law to protect your interests and rights.

Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.