Best Mortgage Lawyers in Ghana

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Atuguba & Associates
Accra, Ghana

Founded in 2006
50 people in their team
English
Atuguba & Associates was established as a law firm in 2006 and is duly registered with the General Legal Council of Ghana.Atuguba & Associates underwent chambers registration in the year 2012, pursuant to the directives of the General Legal Council and Ghana Bar Association. All A&A...

Founded in 2000
50 people in their team
English
De Medeiros & Associates were incorporated to offer and deliver wide ranging legal services particularly in response to the ever changing and positive economic developments in Ghana, Africa and worldwide, which creates the need to have firms that specialize and are able to provide service,...

Founded in 2016
50 people in their team
English
Who We Are?Lexkudoz is a team of dedicated legal practitioners with wide legal knowledge and considerable experience in various types of transactions and in a variety of sectors.Our clients are our mutual partners in the search for quick and effective solutions. We are particularly sensitive to the...

Founded in 2014
50 people in their team
English
Senet Corporate Solicitors is a reputable corporate law firm in Ghana set up to offer corporate clients with proactive, practical and prudent legal advisory services which cuts across the spectrum of our clientsโ€™ critical business and legal issues. Senet is well positioned to offer services to...

Founded in 1996
200 people in their team
English
History of the FirmMINKAH-PREMO, OSEI-BONSU, BRUCE-CATHLINE & PARTNERS (MPOBB) is a firm that has lawyers and staff of varied backgrounds providing integrated legal services. The firm has its roots in Minkah-Premo & Co (MPAC) which was established in 1996 through the joint vision of Justice...
K-Archy & Company
Accra, Ghana

Founded in 2000
50 people in their team
English
K-Archy & Company comprises of legal practitioners of the highest repute. Our expertise in legal representation covers a broad range of areas including: corporate and securities, environmental and health law, administrative and labour law, tax, immigration, human rights, property, commercial...
Kulendi
Accra, Ghana

Founded in 2002
50 people in their team
English
HistoryKulendi @Law was incorporated in July 2002 to provide legal services particularly in commercial and litigation practice. The firm since its inception has carved a niche for itself in respect of being a leader in commercial litigation. We have considerable capabilities in banking and finance,...

Founded in 2021
10 people in their team
English
As our name - SUSTINERI ATTORNEYS implies, we are sustainable legal practitioners using our signature structured approach - START (Start up Legal Toolkit- Transactions- Advisory - Regulatory - Training) - which allows us to work with clients in the design of legal solutions that resolve immediate...

Founded in 2000
50 people in their team
English
Legal Ink is a full service law firm providing a wide range of legal services in the areas of dispute resolution, real estate & conveyancing, corporate law & legal compliance, construction law, intellectual property law & trade mark registration, due diligence analysis, among others....
B&P ASSOCIATES
Accra, Ghana

Founded in 2014
50 people in their team
English
WELCOME TO OUR FIRMB & P ASSOCIATES keenly promotes the ease of doing business in Ghana and for this reason provides top-notch user-friendly legal advice to domestic and international investors. We take on the responsibility of providing our Clients with all forms of assistance to navigate the...
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About Mortgage Law in Ghana:

Mortgage laws in Ghana govern the process by which individuals or businesses can secure loans using real estate as collateral. This legal framework provides guidelines for lenders and borrowers to ensure the smooth functioning of the mortgage market in the country.

Why You May Need a Lawyer:

It is advisable to seek legal advice in mortgage transactions to ensure that your rights are protected. A lawyer can assist you in reviewing mortgage documents, negotiating terms with lenders, resolving disputes, and ensuring compliance with local regulations.

Local Laws Overview:

In Ghana, the main laws governing mortgages include the Mortgages Act, 1972 (NRCD 96) and the Land Registry Act, 1962 (Act 122). These laws outline the requirements for creating and registering mortgages, rights and responsibilities of parties involved, and procedures for foreclosure in case of default.

Frequently Asked Questions:

1. What is a mortgage?

A mortgage is a loan that is secured by the borrower's property, typically real estate. The property serves as collateral for the loan, which means that the lender can take possession of the property if the borrower fails to repay the loan.

2. How do I get a mortgage in Ghana?

To obtain a mortgage in Ghana, you will need to approach a financial institution or mortgage lender. You will be required to provide information about your income, credit history, and the property you wish to purchase. The lender will assess your eligibility and the property's value before approving the loan.

3. What are the rights of a borrower in a mortgage transaction?

Borrowers have the right to receive clear and accurate information about the terms of the mortgage, including interest rates, fees, and repayment schedule. They also have the right to challenge any unfair practices by the lender and seek legal recourse if necessary.

4. Can a mortgage be transferred to another party in Ghana?

Yes, mortgages can be transferred to another party through a process known as assignment. The original lender must consent to the transfer, and the new party will assume the rights and responsibilities of the original borrower.

5. What happens if I default on my mortgage payments?

If you default on your mortgage payments, the lender has the right to foreclose on the property. This means that the lender can take possession of the property and sell it to recover the outstanding loan amount.

6. Are there any government programs that support mortgage financing in Ghana?

Yes, the Government of Ghana has implemented several initiatives to promote access to affordable housing through mortgage financing. These programs aim to improve homeownership rates and stimulate economic growth in the housing sector.

7. Can I renegotiate the terms of my mortgage agreement?

Yes, borrowers have the right to renegotiate the terms of their mortgage agreement with the lender. You can seek a modification of the loan terms if you are facing financial difficulties or wish to change the repayment terms to better suit your needs.

8. How can I protect my rights as a borrower in a mortgage transaction?

To protect your rights as a borrower, it is advisable to seek legal advice before entering into a mortgage agreement. A lawyer can review the terms of the loan, ensure compliance with local laws, and represent your interests in case of disputes with the lender.

9. What are the costs associated with obtaining a mortgage in Ghana?

The costs of obtaining a mortgage in Ghana may include application fees, legal fees, appraisal fees, and registration fees. Borrowers should carefully review the breakdown of costs provided by the lender and seek clarification on any charges that are not clearly explained.

10. How long does it take to complete a mortgage transaction in Ghana?

The timeline for completing a mortgage transaction in Ghana may vary depending on the complexity of the transaction, the responsiveness of the parties involved, and the efficiency of the local regulatory authorities. On average, the process may take several weeks to a few months to finalize.

Additional Resources:

For more information on mortgage law in Ghana, you may refer to the Ghana Real Estate Developers Association (GREDA), Bank of Ghana, or consult with a local law firm specializing in real estate and property law.

Next Steps:

If you require legal assistance in mortgage transactions in Ghana, it is recommended to seek the services of a qualified lawyer with experience in real estate law. Your lawyer can guide you through the process, protect your rights, and help you navigate the complexities of mortgage transactions in the country.

Lawzana helps you find the best lawyers and law firms in Ghana 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 Ghana - 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.