Best Mortgage Lawyers in Karachi

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Jeelani Law Empire Karachi Pakistan

Jeelani Law Empire Karachi Pakistan

Karachi, Pakistan

Founded in 2015
11 people in their team
English
Urdu
Best Lawyer in Karachi | Top Lawyers | Best Advocates | Attorney | Solicitor | Jeelani Law Empire is the Best Top leading law firm based in Karachi, Pakistan, providing top-tier legal services both locally and internationally. Established in 2015, we have earned the trust of clients worldwide,...
Best Female Lawyers Law Firm Lahore

Best Female Lawyers Law Firm Lahore

Karachi, Pakistan

Founded in 2000
10 people in their team
English
Urdu
Panjabi
Family Advocate Family Lawyer Court Marriage, Divorce, Custody of Children, Succession Certificate, Guardianship certificate,  unmarried certificate, Probate, Will, Adoption, permission to take minors abroad, guardianship, Christian divorce, shia divorce, Sunni divorce. death and birth...
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Iqbal International Law Services

Iqbal International Law Services

Karachi, Pakistan

Founded in 1996
10 people in their team
Urdu
English
Hindi
Iqbal international law services® Provide complete law services on Family, Divorce, Khula, Separation, Court Marriage, Child Custody, Adoption, Guardianship, Maintenance, Alimony, Dower Amount, Dowry Articles, Succession Certificate, Letter of Administration, Transfer of Property, Estate Law,...
ZAFAR & ASSOCIATES - LLP

ZAFAR & ASSOCIATES - LLP

Karachi, Pakistan

Founded in 1975
500 people in their team
Urdu
English
ZAFAR & ASSOCIATES - LLP, founded in 1975, is one of the distinctive global law firm providing legal services to worldwide clients in broad array of areas enlisted in the succeeding pages.We’re the network of full service law firms in Pakistan, having distinguishable stance and stature of law...
Surridge and Beecheno

Surridge and Beecheno

Karachi, Pakistan

Founded in 1948
200 people in their team
Urdu
English
Correspondent lawyers all acrossPakistan to conduct mattersThe Firm, with its principal office in Karachi, now has four partners and twenty-seven associates and has branch office in Lahore. The Firm also has correspondent lawyers all across Pakistan to conduct matters on the instructions of...
Javed Qazi & Co. Law Firm

Javed Qazi & Co. Law Firm

Karachi, Pakistan

Founded in 2015
10 people in their team
Urdu
English
OUR HISTORY, ACHIEVEMENTS AND FUTURE PLANSThe Firm owns the legacy of two prominent lawyers and brothers late. Qazi Faiz Mohammad and late. Qazi Ghulam Hadi, who began their legal practices jointly before the partition. The former was a civil lawyer and the latter was an expert in criminal law. In...
Hafeez Pirzada Law Associates

Hafeez Pirzada Law Associates

Karachi, Pakistan

Founded in 1959
50 people in their team
Urdu
English
About UsHPLA was established by the late Abdul Hafeez Pirzada BSc. LLD, Barrister and Senior Advocate, Supreme Court of Pakistan, in 1959. Having authored the Constitution of the Islamic Republic of Pakistan, 1973, he is remembered as a leading expert in the field of Constitutional and...
GNS Law Associates

GNS Law Associates

Karachi, Pakistan

Founded in 2000
10 people in their team
Urdu
English
Sindhi
Welcome to GNS Law AssociatesGNS Law Associates is a Law firm based in Karachi and comprising of team lawyers in Karachi; it delivers high-quality legal services to clients and ensures that services are adapted to meet their needs.GNS Law Associates is a Law firm based in Karachi and comprising of...
JA Legal (Barristers, Advocates & Corporate Legal Consultants)

JA Legal (Barristers, Advocates & Corporate Legal Consultants)

Karachi, Pakistan

Founded in 2019
9 people in their team
English
JA Legal is founded by Barrister Junaid Ahmed who also serves as the Head of Chambers. The firm is recognised for its dynamic and client focused approach and it thrives on taking an initiative based approach towards safeguarding the interests of its clients. The firm provides range of legal...
Fazleghani Advocates

Fazleghani Advocates

Karachi, Pakistan

Founded in 1953
50 people in their team
Urdu
English
ABOUT USFazle Ghani Khan established Fazleghani Advocates in 1953 in Lahore and served as a Judge of the High Court of West Pakistan from 1965 till 1971. The firm was reestablished by him in 1971 in Karachi.Senior Partner, Makhdoom Ali Khan joined Fazleghani Advocates in 1980, and was...
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About Mortgage Law in Karachi, Pakistan

Mortgage law in Karachi, Pakistan governs the legal aspects related to the borrowing and lending of money for the purpose of purchasing property. It is a legal agreement where the borrower pledges their property as collateral to the lender in exchange for a loan. The property serves as security for the repayment of the loan.

Why You May Need a Lawyer

There are several situations where seeking legal assistance from a lawyer specializing in mortgage law can be beneficial:

  • When drafting or reviewing mortgage agreements
  • When facing foreclosure or repossession
  • When experiencing difficulties with loan repayment
  • When dealing with property ownership disputes
  • When seeking advice on mortgage refinancing or modification

Local Laws Overview

Here are some key aspects of local laws in Karachi, Pakistan that are particularly relevant to mortgage:

  • Mortgages are regulated by the Transfer of Property Act, 1882, and the State Bank of Pakistan
  • Mortgage agreements must be in writing and duly registered with the relevant authority
  • Both parties have rights and responsibilities, which should be clearly defined in the agreement
  • Foreclosure can only be initiated through a court order
  • Property valuation is an important aspect in determining loan eligibility and repayment terms

Frequently Asked Questions

1. Can I get a mortgage if I am self-employed?

Yes, self-employed individuals can apply for a mortgage in Karachi. However, lenders may require additional documentation to verify income and assess repayment capacity.

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

If you default on your mortgage payments, the lender can initiate legal proceedings to recover the outstanding amount, possibly leading to foreclosure and repossession of the property.

3. Can I transfer my mortgage to another person?

In most cases, mortgages are not transferable without the lender's consent. You would need to consult with your lender and seek legal advice to explore the options available in your specific situation.

4. How does mortgage refinancing work?

Mortgage refinancing involves replacing your existing mortgage with a new one, usually with better terms or a lower interest rate. It is advisable to consult with a lawyer and a financial advisor to evaluate whether refinancing is suitable for your circumstances.

5. What legal protections do borrowers have under mortgage law?

Borrowers have legal rights, including disclosure of all relevant terms and conditions, protection against unfair lending practices, and the right to dispute any discrepancies. A lawyer can guide you on exercising your rights and protect your interests.

Additional Resources

For further information and assistance regarding mortgage law in Karachi, Pakistan, consider reaching out to:

  • The State Bank of Pakistan: www.sbp.org.pk
  • Karachi Bar Association: www.karachibarassociation.org
  • Legal Aid Organizations in Karachi

Next Steps

If you require legal assistance in mortgage matters, follow these steps:

  1. Gather all relevant documents related to your mortgage
  2. Research and shortlist lawyers specializing in mortgage law in Karachi
  3. Arrange consultations with the selected lawyers to discuss your specific situation
  4. Choose a lawyer who best meets your needs and proceed with engaging their services
Lawzana helps you find the best lawyers and law firms in Karachi 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 Karachi, Pakistan—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.