Back to site

©2022. All rights reserved.
Crafted by 4Property.

What is a Mortgage Deed?

🕓 1 minutes | 227 views
A man holding a small house in his hand and mortgage deeds on the counter with a calculator.
What is a Mortgage Deed?

A mortgage deed is a legal document that grants a money lender security against a property they have a loan out on. When you are purchasing a new home, you will have a Solicitor looking after the Title/Deeds on the property you are looking to purchase. A title is a document that shows legal ownership of an asset or property. A deed is a signed legally binding document that transfers ownership of a property from one person to the other.

What is a Mortage?

A mortgage is when someone wants to purchase a property but, they might not have the full amount, or they decide to borrow as they do not wish to put all their money into the property they are seeking to buy; so they will apply for a loan from a bank or lending institution. If the bank agrees to loan you the money, they will have a mortgage deed against the property. This is a legally binding document and it’s enforceable by law. The deed will provide the lender with security against the property, this will last until the day the borrower has made the final payment back to the bank. If the borrower for whatever reason is unable to pay back the loan, the mortgage deed against the property may grant the lender the legal right to foreclose or take ownership of the property. This is a sticky subject in Ireland and it is rare that someone is forced out of their home.

If you are looking for a mortgage, Bonkers.ie compares banks in Ireland and it gives you the cheapest rates on offer.

As you are reading about this topic, we have other new articles that relate to this on The Local Property Tax and The Land Registry Fee you should check them out next.

Instagram Reel: 29 St. Laurence’s Park, Stillorgan, Co Dublin
May 12, 2022

Read More

How to value your home for the Local Property Tax using the online calculator (LPT)
October 14, 2021

Read More

Value Your Property – Guide to Local Property Tax
October 8, 2021

Read More

Arrange your Free Property Valuation if you are selling

If you’re looking for a free professional house valuation to help you make an informed property decision, our dedicated team of valuation experts have over thirty years’ experience of selling commercial and residential property in Dublin and North Wicklow and their extensive local knowledge can point you in the right direction.

Privacy Policy

Pagespeed Optimization by Lighthouse.

Tell us why you are here

…so we can tailor the website to your needs.