What Is The Importance Of Obtaining A Mortgage Certificate!

1. What Is The Importance Of Obtaining A Mortgage Certificate! Owning a new house is a good deal, but if you own it without having a mortgage or occupancy certificate and get possession from the builder, then you may face legal complications in the future. Mortgage certificate is an important document to receive from the builder after completing the construction process, and you have to obtain it along with the keys of your new house. Most of the individuals do not bother to obtain the occupancy certificate because they do not have adequate knowledge about it and face legal objections during home selling. If you are one among those, then it is imperative for you to ask a professional construction consultant that “what is a mortgage certificate.” A professional consultant will describe you in detail regarding such certificate and its importance. The mortgage certificate is nothing but a piece of single paper which certified that the building was complete as per the standardized laws and complete necessary safety standards. As a home buyer it will be beneficial for you to obtain the occupancy certificate before moving to the new property as you can get assurance for the safe living environment and you can also utilize this certificate as a written proof that you have completed the construction project as per the required standards. In the United Kingdom having a mortgage, the document is mandatory to have for each residential building because you can only get the legal possession of the property after obtaining the mortgage certificate from the building constructor.

2. You should need to consult with a certified construction consultant to get the certificate in mortgage advice and practice as the consultant will guide you with the right process to obtain MC legally. For submitting the application for receiving a mortgage certificate, you have to collect some legal documents such as; Commencement and completion certificate for construction Elevation and site plan The hard copy of the sanctioned plan No objection certificate from fire and pollution board Clear photographs of the completed site Tax evaluation and receipt for tax paid and Area calculation from the approved building surveyor After providing these documents, you will get the mortgage certificate and get legal possession for the new property without any restrictions and legal complications. After receiving the proper information from you regarding building, the authority will inspect your building and make sure that the information provided by you is correct or not. The officials will also make sure that you have constructed the building as per the set rules and regulations. You can submit the application form within the month of completing the building construction, and after submitting the application you will also get the reply from the authority on rejection or acceptance of your application, and if your application has approved, then you will get the mortgage certificate at your doorsteps in a courier service. In case of not knowing the process, you can search online as “what is a mortgage certificate and how to apply for it,” you will get thorough information within minutes. Powered By HOMEBUBBLE LTD