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Property registration with NOC

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Property registration with NOC

Last updated: December 26 2018
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  • Property registration with NOC

    Hi,

    I am purchasing a property from seller whose original sale deed is with a hfc as he bought a mortgage loan on the property. So to bought the property I took a loan from another bank to close the seller loan. My bank says without original parent sale deed they can't released the cheque where as hfc is saying without having the cheque and closing the loan we can't release the parent documents. Can you please what are some other alternatives I can pursue? But the hfc said they can provide a NOC by using which you can register the property and we will release the parent once the loan got closed with my new loan. But SRO in register office is not agreeing to this and he is strict on that the property cannot be registered without original documents. Is it not allowed to register the property with NOC from bank? Are there any issues with it?
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