Best Mortgage Lawyers in Sri Lanka

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Neelakandan & Neelakandan
Colombo, Sri Lanka

Founded in 1962
200 people in their team
Sinhala
English
Neelakandan & Neelakandan (formerly Murugesu & Neelakandan) is one of the leading and oldest full-service law firms in Sri Lanka and has been in practice for almost 60 years.The Firm was founded in 1962 by the late Mr. Velupillai Murugesu, and built to be recognised as one of the most...
Layards and Stuart
Colombo, Sri Lanka

Founded in 2000
50 people in their team
Sinhala
Tamil
English
Who we are and how we workLayards & Stuart is a law firm based in Colombo, Sri Lanka providing quality legal advice, solutions and representation to both local and international corporate clients. Our experience in cross-border and emerging economies gives us the market perspective to be your...
Nithya Partners
Colombo, Sri Lanka

Founded in 1997
50 people in their team
Sinhala
Tamil
English
INTRODUCTIONNithya Partners was established in 1997 with the goal of delivering a modern and responsive service in corporate and financial law. The Firm is led by a group of Partners who combine a unique blend of multi-disciplinary experience along with an extensive knowledge base of several years...
TRIVE LEGAL ASSOCIATES
Colombo, Sri Lanka

Founded in 2000
50 people in their team
Sinhala
English
Tamil
OverviewRanging from the work of an Instructing Attorney to fully fledged Counsel in the Courts of First Instance, Appellate Courts and any other for a. We also facilitate mediations, arbitrations, negotiations, settlementWe specialize in Company Law, Commercial Law, Intellectual Property, Shipping...
Simon & Associates
Colombo, Sri Lanka

Founded in 2002
50 people in their team
Sinhala
English
Tamil
Simon & Associates is one of Sri Lanka’s leading legal firms, providing legal counsel and corporate secretarial services to portfolio consisting of local and multinational clients.Led by Simon Senaratna who brings substantial experience in the legal and business sectors, together with Nirosha...
F J & G de Saram
Colombo, Sri Lanka

Founded in 1841
200 people in their team
Sinhala
Tamil
English
The FirmHistoryF. J. & G. de Saram is the oldest law firm in Sri Lanka.The practice was commenced in 1841 by F. J. de Saram. Snr., the same year in which the overland emigration to California began by wagon trail. Melbourne in Australia was founded only six years before that.In Sri Lanka those...
de Livera Associates
Colombo, Sri Lanka

Founded in 1872
200 people in their team
Sinhala
English
Tamil
HISTORY & LEGAL INSPIRATIONThe Firm of De Livera Associates was founded, by Solomon Christoffel Obeyesekere De Livera, popularly known as Christo De Livera, on his retirement from the Attorney General’s Department of Sri Lanka, having served for a period of about three decades and who on his...
Colombo Law Alliance (CLA)
Colombo, Sri Lanka

Founded in 2012
50 people in their team
Introduction to CLAThe team at CLA brings together extensive experience and expertise in providing specialized legal services to a substantial network of clients both in the private sector and the public sector. These services are provided in connection with litigation, arbitration, negotiation of...
Gregory's Partners
Colombo, Sri Lanka

Founded in 1970
200 people in their team
Sinhala
English
Tamil
AboutThe Sri Lankan economy and therefore its legal system has traditionally been influenced by the island’s colonial past. Thus, the legal profession in Sri Lanka was traditionally divided into two fractions based on functionality influenced by a similar divide in the English Legal system.The...
Julius & Creasy
Colombo, Sri Lanka

Founded in 1879
200 people in their team
Sinhala
English
Tamil
Our HistoryWith its near 140 year history Julius & Creasy is one of the oldest law Firms in Sri Lanka, while also being the largest. Its reputation is one that has been built on rich tradition as well as the caliber of professionals passing through its corridors.The beginnings of the...
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About Mortgage Law in Sri Lanka:

Mortgage law in Sri Lanka governs the process of securing a loan by using real estate as collateral. This legal framework protects both borrowers and lenders in mortgage transactions, ensuring that rights and obligations are clearly defined.

Why You May Need a Lawyer:

There are several situations where you may require legal assistance in mortgage matters, including negotiating terms with lenders, resolving disputes, understanding complex legal documents, and navigating foreclosure proceedings.

Local Laws Overview:

In Sri Lanka, the legal framework surrounding mortgages is primarily governed by the Mortgage Act No.6 of 1949. This law outlines the rights and obligations of both borrowers and lenders, the registration process, and foreclosure procedures.

Frequently Asked Questions:

1. What is a mortgage?

A mortgage is a legal agreement where a borrower uses real estate as collateral to secure a loan from a lender.

2. What are the key elements of a mortgage contract?

A mortgage contract typically includes the loan amount, interest rate, repayment schedule, property details, and rights and obligations of both parties.

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

If you fail to make mortgage payments, the lender has the right to initiate foreclosure proceedings and sell the property to recover the outstanding loan amount.

4. How can a lawyer help me with my mortgage?

A lawyer can assist you in negotiating favorable terms, reviewing legal documents, resolving disputes, and representing you in court proceedings if necessary.

5. Can I refinance my mortgage in Sri Lanka?

Yes, you can refinance your mortgage to take advantage of lower interest rates or change the terms of the loan. A lawyer can help you navigate the refinancing process.

6. What are the key rights of mortgage borrowers in Sri Lanka?

Borrowers have the right to receive clear and accurate information about the terms of the mortgage, protect their property from foreclosure, and seek legal recourse in case of disputes.

7. How long does the mortgage registration process take in Sri Lanka?

The mortgage registration process typically takes a few weeks to complete, depending on the complexity of the transaction and the efficiency of the relevant authorities.

8. Can a lender change the terms of the mortgage agreement without my consent?

No, lenders cannot unilaterally change the terms of the mortgage agreement without the borrower's consent. A lawyer can help you protect your rights in such situations.

9. What are the costs associated with getting legal advice for my mortgage?

The costs of legal advice for your mortgage may vary depending on the complexity of your case, the lawyer's experience, and the services required. It is advisable to discuss fees upfront with your lawyer.

10. How can I find a reputable lawyer specializing in mortgage law in Sri Lanka?

You can ask for recommendations from friends or family, search online legal directories, or contact the Sri Lanka Bar Association for a list of qualified lawyers specializing in mortgage law.

Additional Resources:

For more information on mortgage law in Sri Lanka, you can refer to the Sri Lanka Bar Association, the Department of Land Registration, and legal publications specific to real estate law.

Next Steps:

If you require legal assistance in mortgage matters in Sri Lanka, it is advisable to consult with a qualified lawyer specializing in real estate law. They can guide you through complex legal processes, protect your rights, and help you achieve a favorable outcome in your mortgage transactions.

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