Best Mortgage Lawyers in Dhaka

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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...
OGR Legal
Dhaka, Bangladesh

Founded in 2000
50 people in their team
Bengali
English
OGR Legal is a Bangladeshi law firmwith a rare and invaluable grasp of strategic commercial and practical issues. We combine exceptional legal expertise with deep industry knowledge and refreshingly creative thinking, to help clients achieve their goals. We provide with a full law service to...
A.S & Associates
Dhaka, Bangladesh

Founded in 2000
50 people in their team
Bengali
English
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, Sylhet. The firm provides a comprehensive range of modernized legal services for both national and international clients.A.S & Associates was...
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...
Tuhin & Partners

Tuhin & Partners

15 minutes Free Consultation
Dhaka, Bangladesh

Founded in 2019
7 people in their team
English
Bengali
Background:TUHIN & PARTNERS was founded in 2019 with a clear vision: to develop an entire Corporate legal, tax, and compliance for advising business, including in expertise the countries we serve and professional abilities in our essential specialty. Our Firm aims to provide skilled...
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...
MANA Associates
Dhaka, Bangladesh

Founded in 2007
50 people in their team
Bengali
English
MANA AssociatesWith an aim to offer solutions to both domestic and international clients, MANA Associates has began its journey in 2007. Since its establishment, MANA Associates has become a full service firm offering services over a wide spectrum of industries. Its versatile and efficient team...
Rahman's Chambers
Dhaka, Bangladesh

Founded in 2006
50 people in their team
Bengali
English
About Rahman's ChambersRahman’s Chambers was founded by Mr. Mohammed Forrukh Rahman in 2006 following his family tradition that dates back to 1920s all the way to his grandfather, late Mr. Shamsuddin Ahmed.Mr. Ahmed graduated from Calcutta University in 1924, was awarded by Bangladesh Bar Council...
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...

Founded in 2000
50 people in their team
Bengali
English
ABOUT USSyed Ishtiaq Ahmed & Associates (SIA&A) is a leading law firm in Dhaka, Bangladesh.  SIA&A is the Chambers and law firm established by the Late Mr. Syed Ishtiaq Ahmed, a barrister and senior advocate of the Appellate Division of the Supreme Court of Bangladesh. Mr. Ahmed...
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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.