ANNE KAMALA C
To,
Area / Business Manager
LIC Housing Finance Ltd.
Place:
Date:
Sub: Permission to mortgage, etc.
Dear Sir,
1. This is to confirm that we have sold Flat No. situated at in the building called________________to
Mr./Mrs.____________________ for a total consideration of________________________ under an
agreement Rs. dated. _____________
2. We confirm that we have obtained necessary permissions/approvals/sanctions for construction of
the said building from all the concerned competent authorities and the construction of the building
as well as of the flat is in accordance with the approved plans. We have not made any subdivisions in
the flat after the plans have been approved by the Municipal Corporation/Competent Authority. The
flat is meant for residential purpose as per the sanctioned plan.
3. We assure you that the said flat as well as the said building and the land appurtenant thereto are
not subject to any encumbrance, charge or liability of any kind whatsoever and that the entire
property is free and marketable. We have a clear, legal and marketable title to the said property and
every part thereof.
4. We are aware that the said Mr./Mrs.__________________________________has approached LIC
HOUSING FINANCE LTD., (LICHFL) for purchasing/acquiring the said flat and that you have agreed to
sanction/grant loan to him/her/them to purchase/Acquire the above flat and that he/she/they have
agreed to create the charge/security by mortgaging the said flat in your favour for the said loan.
5. We have no objection to LICHFL giving a loan to the above buyer/s and his/her/their mortgaging
the said flat to LICHFL by way of security for repayment, notwithstanding anything to the contrary
contained in the said agreement. We hereby agree to note your charge in our books in respect of the
said flat and Mr./Mrs. will not be permitted to cancel, transfer, assign, sell off or in any other
way/manner deal with the said flat prejudicial to the interest of LICHFL, without the prior written
consent of LICHFL
6. We also undertake to inform and give proper notice to the co-operative housing society /
Apartments association as and when formed, about the flat being so mortgaged to LICHFL.
7. We have noted LIC Housing Finance Ltd.'s lien on the property, we undertake that as soon as the
registration formalities are completed, we will send the 'registered sale deed for the property to
LICHFL_________________office directly.
Yours Faithfully
Name and Signature of Authorised Person
