The legal mortgage in
land registry transfers the estate or
interest in land or other property for
securing the repayment of debt. Since the
legal title can only be transferred once by
the current owner (mortgagor) to a
mortgagee, therefore only the first mortgage
can hold this distinct status.
A legal mortgage is
therefore a document in which the direct
conveyance of title is involved subject to
repayment of a debt.
Legal Description
A legal
identification and formal description of
land by which the property can be precisely
located.
The legal description
ensures that the property being purchased
is, in fact, the same one being offered for
sale.
Legal description is
required when mortgage for the purchase is
being arranged. Primary documents containing
the legal description include a deed and
survey, secondary documents such as
assessment notices and tax bills also
include information on legal description.
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