Charge and mortgage
This query is : Resolved
09 October 2013
what is the difference between charge and mortgage ?
09 October 2013
Mortgage is a conveyance of property, subject to a right of redemption whereas a charge only gives a right to payment out of a particular immovable property without transfering it
09 October 2013
A mortgage is a contract between the lender and the borrower that allows an individual to borrow money from a lender for the purchase of housing.
The possession of the property remains with the borrowers (as they will usually reside in their home).
A “mortgage” is a conveyance of property, subject to a right of redemption,
whereas a charge only gives a right to payment out of a particular immovable property without transferring it.
A “mortgage” can be enforced against a bonafide purchaser for value whether with or without notice but a charge cannot..
regards,
The possession of the property remains with the borrowers (as they will usually reside in their home).
A “mortgage” is a conveyance of property, subject to a right of redemption,
whereas a charge only gives a right to payment out of a particular immovable property without transferring it.
A “mortgage” can be enforced against a bonafide purchaser for value whether with or without notice but a charge cannot..
regards,
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Traces submitting correction statement error
- TDS _Long term Capital Gain ref.sec 214 Table 2
- IT returns for fresh job holders
- ITR-Capital Gain
- Reporting in TDS return
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
