Deed of Mortgage Template [Nigeria]

Updated January 6, 2024

If you’re gearing up to borrow money against land in Nigeria, a Deed of Mortgage is your go-to tool. You transfer land interest as collateral, ensuring your lender gets paid or your obligations are met. Once you fulfill your end of the deal, the land interest reverts to you — no strings attached.

As the Mortgagor (that’s you, the borrower and property owner), and your lender (the Mortgagee), enter this binding agreement, you maintain use of your property. However, if you fail to honor the terms, the lender gains control. Make a smart move: secure your obligations with a Deed of Mortgage and keep your property in your hands.

Generate your Deed of Mortgage

Doc - Deed of Mortgage
Sign Here
Sign Here
Sign Here
Sign Here

How to use this Deed of Mortgage

You can use this document to transfer legal title of a “collateral” to a lender/mortgagee in exchange for a sum of money or an obligation with a provision that upon performance of the deed (full repayment of the loan or performance of any other obligation), the legal title will go back to the borrower/mortgagor.

Other names for Deed of Mortgage

  • Deed of Trust

Applicable Laws in Nigeria

The relevant laws  applicable when creating a Deed of Mortgage are as follows: 

  • Property and Conveyancing Law of 1959 applicable in old Western states of Nigeria. 
  • Conveyancing Act, 1881 applicable in old Eastern states of Nigeria 
  • Mortgage and Property law of Lagos State

Other documents:

Contract for Services

Updated on
Discover a framework designed to streamline the collaboration between clients and service providers. This foundational agreement outlines critical aspects of the professional relationship, detailing mutual responsibilities, agreed payment terms, and the scope of services delivered. Tailored for versatility, the “Service Agreement” term encompasses a wide array of applications, adapting effortlessly to the unique demands of…

Contract for Deeds

Updated on
Looking for a contract for deed template? Look no further than our Nigeria-specific contract for deed template! Get started on your property purchase today!

Contract Renewal Letter

Updated on
This document is used by a business owner to facilitate the renewal of a contract with a company or individual prior to the expiration of the existing contract.