This helps the lender to ensure that the property is free of any encumbrances and can be used as collateral for the loan. When applying for a home loan, the lender often requires the borrower to provide a conveyance deed as proof of ownership. The conveyance deed establishes the buyer’s legal rights over the property and protects them from any future legal disputes related to ownership. It is legal proof of transfer of property ownership from the seller to the buyer. Certificate of Commencement and Occupancy Certificate, if applicableĬonveyance deed format Importance of Conveyance Deed in Home LoanĪ conveyance deed is an essential legal document for homebuyers who have availed of a home loan.
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