Is an unregistered property eligible for financing? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Is an unregistered property eligible for financing?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Unregistered properties aren't automatically rejected, but the bank must be satisfied with the title deed, the property's legality, and the eligibility for mortgaging, all in accordance with the program's regulations.

Some cases can be financed with acceptable contracts and ownership documents, while others are blocked due to incomplete registration or disputed ownership history.

Before paying a large deposit, present the property's documents to the bank or financing institution and obtain a preliminary written opinion on its eligibility for financing.

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