Permission to mortgage

A legal agreement that conveys the conditional right of ownership on an asset or property by its owner ( the mortgagor) to a lender( the mortgagee) as security for a loan.  The document by which this arrangement is effected is called a mortgage 

For availing the permission to mortgage letter, you need to approach and contact the property department and submit an application for permission to mortgage 

On receipt of the copy of a formal letter of grant of mortgage permission shall be issued by the land and development office. 

To apply for permission to mortgage for a home loan from Punjab National Bank (PNB), you'll need to follow these steps:

Ø  Go to their official website and navigate to the section related to home loans or mortgage procedures.

Ø  Look for the specific form or section dedicated to applying for permission to mortgage. Fill in the required details accurately.

Ø  Prepare and submit documents like property papers, identity proofs, income statements, etc., as requested by PNB. These documents are usually needed to assess the mortgage's legality and your eligibility for the loan.

Mortgage laws are governed by the Transfer of Property Act, 1882. Section 58 of the Act deals with mortgages and Section 69 provides details about mortgagor’s right to obtain receipts for payment. Additionally, the Registration Act, 1908, mandates the registration of mortgages. For any legal queries or to ensure compliance, consulting with a legal expert or PNB's officials directly is advisable.

Thanks for your revert!

the permission of Mortgage is required from NOIDA authority and on thier website i didnt find any link to file the apllication.

Could you pl share the URL /Link 

Why the permission to mortgage? How is NOIDA involved? Is there any which requires permission to be obtained?