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(Querist)
05 January 2011 what is the difference between equitable mortgage and registered mortgage ?

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Balakrishnan

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Balakrishnan (Expert)
06 January 2011 equitable mortgage is deposit of original title deeds and other relevent documents with the bank and merely such deposit is recorded in registration office for a nominal charge.
registered mortgage is a direct charge on the property and a seperate deed executed
in the registration office for a higher registration charge.
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