Types of mortgages Sec 58 of Transfer of Property Act

Section 58 of the Transfer of Property Act, 1882 specifies six types of mortgages:

Simple mortgage - In this type of mortgage, the borrower pledges the property as security for the loan without delivering the possession of the property to the lender.

Mortgage by conditional sale - In this type of mortgage, the borrower sells the property to the lender with a condition that the sale will be absolute only if the borrower fails to repay the loan on the due date.

Usufructuary mortgage - In this type of mortgage, the borrower delivers the possession of the property to the lender who is entitled to receive the rents and profits of the property until the loan is repaid.

English mortgage - In this type of mortgage, the borrower transfers the property to the lender on the condition that the property will be re-transferred to the borrower on repayment of the loan.

Mortgage by deposit of title deeds - In this type of mortgage, the borrower delivers the title deeds of the property to the lender as security for the loan. The lender retains possession of the documents until the loan is repaid.

Anomalous mortgage - Any mortgage that is not covered under the above five types is considered as an anomalous mortgage. For example, a mortgage where the borrower pledges the property to multiple lenders simultaneously is an anomalous mortgage.

Contact @9654646965 to Enquire for the Classes

#TypesofMortgagesinTPA
#TransferofPropertyAct
#propertylaw
#realestatelaw
#MortgageTypes
#SimpleMortgage
#MortgagebyConditionalSale
#UsufructuaryMortgage
#EnglishMortgage
#MortgagebyDepositofTitleDeeds

[mujtabazkhan]

1 ghnte phle tk mujhe kch nhi aata tha lekin ab itna aata h k paas ho jaaunga just becoz of u n ur videos thnkuu so mch god bless u.. 😇

[shivanikumari]

Very easy to understand 😊keep making more videos 👍

[civic]

thanks for making me understand. love you

[muhammadsuleman]

To much helpfully video in a short time

[Anonymous-usje]

*Ma'am aapse Love at first Sight ho gaya 😘😘😘😘❤️❤️❤️❤️*

[NaimKhan-emdl]

You put so large a concept in a nutshell. Well-done!

[anshiii]

You are savior yr...
Straight to the topic
All the important things are covered
Excellent way of explanation

[abdullahmakki]

Thank you Mam I am from Pakistan but your teaching method is so cool and understandable 😊 💓

[vineettripathi]

I am watching your all of the tp act videos and its very helpful to us

[Lawyer_bhanu]

Mam you r great teacher.... Thankyou mam🙏🙏🙏🙏

[pinkychhaparwal]

Your videos are so fruitful ...thanku from the bottom of my if it is possible for you to make videos on negotiable instrument i really need it

[likhitnewar]

jaiib ka exam hai kal subha mera ma'am marna padega literally 4 minut mein aapane itna bada topic na itne simple way me khatam karwa Diya.. thankyou so much 👍😊

[Adv_Prince_Buttar]

So beautiful ma'am love from Pakistan🇵🇰

[vineettripathi]

You are clearify all the point very deep

[manojjakher]

Didn't know that u have divided sec 58 in two parts. Earlier I saw only the 1st part and commented but in the 2nd part of the vdo you have clarified.

[mujeebullahpanhwar]

must read sections, it will be more easy for us.

[gulshannagpal]

Madam ur teaching is very gud and u explain the concept very well. But in this video I would like to say that u have taught that in usufructuary mortgage, property remains mortgaged till the principle amount is adjusted however in the book it is mentioned that the profits in this type of mortgage is in lieu of interest and the principle amount is required to be paid by the mortgagor. Kindly clarify this aspect. Thanx

[ROHITGUPTA-ecbs]

How conditional mortgage is different from English mortgage-both appears to be same