Information on Common Title Deed from CEESS Global

What is the Common Title Deed Facility in Housing Loan?

For those who want to buy a house using a mortgage loan, the joint title deed allows the property rights to be shared among more than one person. This system regulates the sharing of ownership, especially between family members or business partners. All partners are responsible for paying the loan debt. This offers flexibility in the division of ownership but also increases responsibilities. As CEESS Global, we are here to provide the best support to our clients in this process.

What is Joint Title Deed and How Does It Work?

Joint title deed is a system that allows a property to be owned by more than one person. In the title deed, ownership rights are clearly stated and responsibilities such as the use, maintenance and costs of the property are regulated by a written agreement. This system ensures that equal rights and responsibilities are shared among property owners. The division of the property requires the agreement of the partners and the approval of the land registry office.

Can a Joint Title Deed be made with a Housing Loan?

Yes, a joint title deed can be issued to a property purchased with a housing loan. However, certain conditions must be fulfilled for this. Banks take into account the income documents and credit ratings of the loan applicants. It is also important that the title deed is registered as a residence and that there is no lien record on it. When these conditions are met, transactions can be initiated.

 

Sales Process with Common Title Deed

In order to realise a sale in a joint title deed, all shareholders must agree on the sale and be present during the title deed procedures. The sale process can be more complicated in shared properties; therefore, CEESS Global offers consultancy services to our clients in this process as well.

Advantages and Disadvantages

Joint title deeds offer various advantages in property sharing. It has advantages such as easing the financial burden and sharing the expenses between the partners. However, at the same time, disputes and responsibilities related to ownership may arise. For this reason, it is necessary to make title deed arrangements meticulously.

Secure Title Deed Transactions with CEESS Global

CEESS Global is at your side to learn more about joint title deeds, to realise the sale of your property in the most accurate way or to get support regarding mortgage loans. Our professional team will guide you through all these processes and help you make the right decisions.

For more information, you can contact CEESS Global and proceed with your title deed and mortgage loan transactions safely. For detailed information, you can visit our website or contact our consultants directly.