Best Mortgage Lawyers in Dhaka

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Doulah & Doulah
Dhaka, Bangladesh

Founded in 1965
50 people in their team
English
Bengali
Established in 1965 Doulah & Doulah is one of the most experienced law firms in Bangladesh representing world's largest business houses and working with biggest international law firms. With top-ranked transactional capabilities complemented by a strong litigation practice the firm is...
Vertex Chambers
Dhaka, Bangladesh

Founded in 2006
50 people in their team
Bengali
English
We are a Bangladeshi law firm providing efficient and cost effective representation and advice to our clients in business and commercial matters. We are approachable and a dedicated team, aiming to provide tailored resolution as per our client’s needs. Our partners, each having over a...
PREMIUM LEGAL AND CONSULTANCY FIRM

PREMIUM LEGAL AND CONSULTANCY FIRM

15 minutes Free Consultation
Dhaka, Bangladesh

Founded in 2021
3 people in their team
English
Bengali
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 work to ensure justice for our respected clients. We are located at Khilgaon in Dhaka, which is very close to the National Board of Revenue and...
Primus Legal (Law Firm)
Dhaka, Bangladesh

Founded in 2011
50 people in their team
Bengali
English
Our MissionOur aim is to satisfy our clients through a deep understanding of their needs, their businesses, and their industries, and by providing excellent, responsive, and innovative service. Our experience tells this style leads to a close working relationship between a client and a lawyer.Our...
Stellar Chambers
Dhaka, Bangladesh

Founded in 1974
20 people in their team
Bengali
English
Over the years, Stellar Chambers has developed to be a full-service law firm offering corporate, transactional, and contentious legal services across a broad range of practice areas. The firm has been consistently ranked as a leading law firm in all areas of practice and has won accolades for its...
The Legal Era

The Legal Era

15 minutes Free Consultation
Dhaka, Bangladesh

Founded in 2009
18 people in their team
English
Bengali
Hindi
Urdu
THE LEGAL ERA is a full-service law firm located in Dhaka, Bangladesh and specializes in the areas of Alternative Dispute Resolution (ADR); Banking & Finance; Company & commercial; Constitutional Issues & Judicial Review of Administrative Actions; Criminal Justice; Employment &...

Founded in 2014
7 people in their team
Bengali
English
High Court > Writ on service matter, and others , Criminal Appeal, Criminal Revision, Criminal Bail,Judge Court > All kind of Criminal issue including Bank Check and  Family and child issue , Civil case and appeal,Corporate> income Tax, Vat, IRC, ERC, Company Registration, Land...
Shawn Novel & Associates
Dhaka, Bangladesh

Founded in 2007
10 people in their team
Bengali
English
About UsShawn Novel & Associates is a reputed law firm committed to providing excellent quality legal services to its clients. At our firm, we understand the needs of our clients and value them in the highest priority. Our expertise and experience are devoted to prompt delivery of professional...
AIN BISHAROD

AIN BISHAROD

30 minutes Free Consultation
Dhaka, Bangladesh

Founded in 2016
9 people in their team
English
Bengali
Hindi
Ain Bisharod is recognized as one of the best law firms in Dhaka, specializing in property law, land disputes, and corporate legal services. Led by Matin Sarkaer Mishuk, a highly experienced advocate and respected property lawyer in Dhaka, the firm is known for its expertise in handling complex...

Founded in 2021
6 people in their team
Bengali
English
Arabic
"AA & Associates is a full fledged Law Chamber. Advocate Md. Abdullah-Almuti (Asad) is the managing partner of the Chamber.Advocate Asad obtained his LL.B (Hon's) and LL.M from the Dhaka University Law Department.He served Bangladesh Army, worked as Legal Counsel of Bangladesh House Building...
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About Mortgage Law in Dhaka, Bangladesh

A mortgage in Dhaka, Bangladesh, refers to a legal agreement in which a borrower pledges property as security for a loan. This area of law is primarily governed by The Transfer of Property Act, 1882, and is closely linked with banking and real estate sectors. Mortgages are a pivotal element in the financial market of Dhaka, allowing individuals and businesses to leverage property to raise funds. Understanding the intricacies of mortgage law is crucial to ensure compliance and safeguard interests.

Why You May Need a Lawyer

Legal assistance might be necessary in a variety of situations concerning mortgages. These include negotiating terms of the mortgage, ensuring proper drafting and registration of mortgage deeds, resolving disputes between parties, and addressing issues of foreclosure or loan defaults. Lawyers can also assist in interpreting complex legal terminology and navigating bureaucratic processes that might be involved in mortgage transactions.

Local Laws Overview

Mortgages in Dhaka are governed under the framework of broader property law. The key law is The Transfer of Property Act, 1882, which outlines how property can be mortgaged, the rights and obligations of both mortgagees and mortgagors, and the prioritization of charges against property. Additionally, the Registration Act, 1908 mandates that mortgage deeds must be registered for them to be legally recognized. Understanding these laws helps individuals and businesses deal efficiently in mortgage-related matters.

Frequently Asked Questions

What is a mortgage?

A mortgage is a legal arrangement wherein a person borrows money to buy property and pays the loan back over a period while the lender secures the loan against the said property.

How do I ensure my mortgage agreement is legally binding?

To ensure a mortgage agreement is legally binding in Dhaka, it must be documented in writing, signed by both parties, and registered with the local sub-registrar under the Registration Act, 1908.

Can I sell a property under a mortgage?

You can sell a mortgaged property, but it requires the lender's consent. Alternatively, the buyer can assume any remaining mortgage or clear it as part of the purchase.

What happens if I default on my mortgage payments?

If you default on your mortgage payments, the lender may initiate foreclosure proceedings, where the property is sold to recover the loan amount.

What are the types of mortgages prevalent in Dhaka?

Common types of mortgages include Simple Mortgage, Mortgage by Conditional Sale, Usufructuary Mortgage, and English Mortgage. Each type has specific legal and financial characteristics.

Are mortgage interest rates regulated in Dhaka?

While the central bank regulates banking practices, individual financial institutions usually determine mortgage interest rates based on market conditions.

What legal documents are required for obtaining a mortgage?

Typically, identity proof, proof of income, property documents, and the mortgage deed are required. Specific document requirements may vary by lender.

Can foreigners obtain mortgages in Dhaka?

Foreigners generally face more restrictions and may require special permission or adhere to additional conditions to secure a mortgage in Bangladesh.

What role does the bank play in a mortgage?

Banks act as lenders, providing the funds for the mortgage and requiring the borrower to comply with the repayment terms laid out in the mortgage agreement.

How can a dispute over a mortgage be resolved?

Disputes are often resolved through negotiation or mediation. Failing that, parties can seek resolution in the civil courts where a judge can provide a binding decision.

Additional Resources

For additional guidance on mortgages, consider reaching out to the Bangladesh Bank for regulatory information, consulting the Bangladesh Mortgage Association for industry standards, or visiting local legal aid organizations that specialize in financial and property law advice.

Next Steps

If you require legal assistance concerning a mortgage, consider consulting a lawyer with property law expertise in Dhaka. It's beneficial to gather all relevant documentation beforehand, including your mortgage agreement, payment records, and any correspondence with your lender. This will aid in delivering a comprehensive overview of your situation to the legal professional.

Lawzana helps you find the best lawyers and law firms in Dhaka through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Mortgage, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Dhaka, Bangladesh - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.