Create a bespoke document in minutes, or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Mortgage Assumption Letter
I need a Mortgage Assumption Letter for a Dubai residential property where I'm taking over a Sharia-compliant mortgage from the current owner, with the transfer scheduled for March 2025 and an outstanding balance of AED 2.1 million with Emirates Islamic Bank.
1. Letter Header: Date, recipient bank/financial institution details, reference numbers
2. Subject Line: Clear indication that this is a Mortgage Assumption request/letter
3. Property Identification: Specific details of the mortgaged property including title deed number and property registration details
4. Current Mortgage Details: Existing mortgage information including account number, outstanding amount, and current mortgagor details
5. Assumption Request: Formal request to assume the mortgage obligations and transfer responsibilities
6. New Mortgagor Information: Complete details of the assuming party including identification and contact information
7. Financial Qualification: Statement of financial capability and creditworthiness of the assuming party
8. Acknowledgment of Terms: Confirmation of understanding existing mortgage terms and conditions
9. Execution Block: Signature blocks for all relevant parties
1. Islamic Finance Compliance: Required when the original mortgage is Sharia-compliant, stating commitment to maintain Islamic banking principles
2. Co-Signor Information: Include when there are additional parties guaranteeing the mortgage
3. Payment History Statement: Optional section showing current mortgagor's payment history, useful for strengthening the assumption request
4. Property Valuation Reference: Include when there's a recent property valuation supporting the assumption request
1. Original Mortgage Agreement: Copy of the existing mortgage agreement being assumed
2. Property Title Deed: Copy of the property ownership documentation
3. Financial Statement: Current mortgage statement showing outstanding balance and payment history
4. Assuming Party Documents: Supporting documents including ID, visa status, and financial credentials of the assuming party
5. Property Evaluation Report: Recent property valuation report if required by the bank
Authors
Assuming Party
Bank
Completion Date
Current Mortgagor
Due Diligence
Effective Date
Encumbrance
Facility Agreement
Identity Card
Interest Rate
Land Department
Loan Amount
Maturity Date
Mortgage
Mortgage Account
Mortgage Agreement
Outstanding Balance
Payment Schedule
Property
Purchase Price
Real Estate Register
Registration Fee
Security
Title Deed
Transfer Date
Banking & Finance
Real Estate
Legal Services
Islamic Banking
Property Development
Mortgage Services
Financial Advisory
Legal
Mortgage Services
Real Estate
Compliance
Islamic Banking
Property Registration
Customer Relations
Credit Assessment
Documentation
Mortgage Officer
Real Estate Lawyer
Property Manager
Bank Manager
Legal Counsel
Islamic Banking Specialist
Compliance Officer
Real Estate Agent
Property Registration Officer
Financial Advisor
Mortgage Underwriter
Banking Relationship Manager
Find the exact document you need
Salary Loan Agreement
UAE-governed agreement establishing terms for a salary-backed personal loan between a financial institution and employed individual, including salary assignment provisions.
OverAgreement
UAE-governed agreement establishing terms for bank overdraft facilities, including limits, rates, and security arrangements under UAE banking regulations.
Loan Note Register
UAE-compliant template for maintaining a structured register of loan notes, ensuring proper documentation and regulatory compliance under UAE federal laws.
Loan Consent Form
A UAE-compliant document capturing formal consent and acknowledgment from parties involved in a lending transaction, adhering to UAE Federal Laws and Banking regulations.
Litigation Financing Agreement
UAE law-governed agreement establishing terms for third-party funding of litigation, including funding commitments, success fees, and control mechanisms.
Inter Corporate Loan Agreement
UAE-governed agreement establishing terms for corporate-to-corporate lending, including loan facility, security, and enforcement provisions under UAE law.
House Loan Contract
UAE-governed agreement between a financial institution and borrower for property financing, detailing loan terms and mortgage security arrangements.
Hand Loan Agreement
A UAE-compliant agreement documenting a personal loan between parties, outlining loan terms and repayment conditions in accordance with UAE Civil Code and Sharia principles.
Flexi Finance Loan Agreement
UAE-governed flexible loan facility agreement allowing variable drawdowns subject to a maximum limit, compliant with UAE banking and finance laws.
Facility Letter Mortgage
A UAE-compliant document combining a credit facility offer with mortgage security arrangements, outlining financing terms and property security details under UAE Federal and Emirates laws.
Credit Terms Agreement
UAE-compliant credit terms agreement template establishing terms and conditions for credit facilities between financial institutions and borrowers.
Assignment Of Loan Agreement
A UAE law-governed agreement transferring rights and obligations under an existing loan from one lender to another, compliant with UAE Civil Code and banking regulations.
Agreement Between Two Persons For Money
UAE-governed agreement formalizing monetary arrangements between two individuals, compliant with UAE Civil Code and Sharia principles.
Money Lending Form
UAE-compliant lending agreement template suitable for both conventional and Islamic financing arrangements, incorporating local regulatory requirements and banking practices.
Subordinated Loan Agreement
UAE law-governed template for subordinated loan arrangements, establishing terms and conditions for subordinated debt financing in compliance with UAE regulations.
Employee Laptop Agreement
UAE-governed agreement establishing terms for company laptop provision to employees, including usage policies and security requirements.
Simple Convertible Loan Agreement
UAE law-governed convertible loan agreement template for company financing with loan-to-equity conversion options.
Work Loan Agreement
A UAE-governed agreement establishing terms for an employer-provided loan to an employee, including repayment terms and obligations under UAE Federal Laws.
Peer To Peer Lending Contract
UAE-governed peer-to-peer lending agreement establishing terms between lender and borrower, compliant with UAE banking and financial regulations.
Promise Note
UAE-compliant Promise Note Template containing an unconditional promise to pay a specified sum, adhering to UAE Commercial Transactions Law requirements.
Letter To Borrow Money From Friend
A UAE law-compliant letter documenting the terms of a personal loan between friends, incorporating both civil law requirements and Islamic finance principles.
Debt Agreement Contract
UAE-governed agreement establishing debt obligations between parties, detailing loan terms, security arrangements, and compliance with UAE banking and civil laws.
Interest Loan Agreement
UAE-compliant Interest Free Loan Agreement template incorporating both civil law requirements and Sharia principles for documenting interest-free lending transactions.
Loan Repayment Letter
A UAE-compliant template for formally documenting loan repayment terms and commitments, adhering to local banking laws and Islamic finance principles.
Personal Loan Between Friends Contract
UAE-compliant template for personal loans between friends, incorporating local legal requirements and Islamic finance principles.
Contract For Land Purchase
UAE-governed agreement for the legal transfer of land ownership between parties, compliant with local property laws and regulations.
Contract For Repayment Of Money
A UAE-governed agreement establishing terms and conditions for debt repayment, including payment schedule, interest, and security arrangements in compliance with UAE law.
Lawyer Fee For Loan Agreement
UAE-governed agreement setting out terms and fees for legal services related to loan agreements, compliant with UAE Federal Laws and local regulations.
IT Equipment Loan Form
UAE-compliant legal document for formalizing temporary IT equipment loans between organizations and borrowers, establishing terms, conditions, and responsibilities.
Deed Of Sale With Assumption Of Mortgage Motorcycle
A UAE-governed legal document facilitating the simultaneous transfer of motorcycle ownership and assumption of existing mortgage obligations between parties.
Deed Of Assumption Of Mortgage Car
A UAE-governed deed that transfers vehicle mortgage obligations from an existing borrower to a new borrower, with lender consent and in compliance with UAE banking and traffic laws.
Bank Loan Contract
UAE-governed loan agreement between a bank and borrower, detailing facility terms, security arrangements, and obligations under UAE banking laws.
General Loan Agreement
A UAE law-governed agreement establishing terms and conditions for a loan between lender and borrower, including loan amount, interest, repayment terms, and security arrangements.
Loan Agreement Between Two Parties
UAE-compliant loan agreement template establishing terms and conditions for lending between two parties, suitable for both conventional and Islamic financing structures.
Loan Participation Agreement
UAE-governed template agreement establishing terms for loan participation arrangements between financial institutions, compliant with UAE banking regulations.
Simple Loan Application Form
UAE-compliant loan application form template for collecting and processing loan requests, aligned with UAE Federal banking regulations and Central Bank requirements.
Promissory Note Family Loan
UAE-compliant promissory note template for formalizing loans between family members, incorporating local legal requirements and Islamic finance principles.
Private Lending Term Sheet
UAE-compliant term sheet template for private lending arrangements, outlining key loan terms and conditions in accordance with local laws and regulations.
Personal Loan Receipt
UAE-compliant template for documenting personal loan transactions between financial institutions and borrowers, incorporating local banking regulations and requirements.
Payday Loan Contract
UAE-compliant payday loan agreement template incorporating local banking regulations, consumer protection requirements, and optional Sharia-compliant provisions.
Money Agreement Between Two Parties
UAE-compliant template for documenting financial arrangements between two parties, incorporating local legal requirements and Sharia principles where applicable.
Loan Agreement With Guarantor
UAE-compliant loan agreement template with guarantor provisions, suitable for both commercial and personal lending within UAE jurisdiction.
Investment Loan Contract
UAE-compliant investment loan agreement template suitable for both conventional and Islamic finance structures, incorporating local regulatory requirements and banking practices.
Facility Agreement
UAE law-governed template agreement establishing terms and conditions for providing financial facilities between lender and borrower.
Debt Repayment Contract
UAE-governed agreement establishing legally binding terms for debt repayment, including payment schedule, security arrangements, and enforcement mechanisms.
Employee Forgivable Loan Agreement
UAE-governed agreement establishing terms for an employer-provided loan to an employee with forgiveness provisions based on employment conditions and performance criteria.
Employee Cash Advance Agreement
UAE-compliant Employee Cash Advance Agreement template establishing terms for salary advances and repayment conditions under UAE law.
Borrowing Form
UAE-compliant borrowing form template suitable for conventional and Islamic financing arrangements, adaptable for various lending scenarios under UAE law.
Download our whitepaper on the future of AI in Legal
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.