DOCUMENTS RQUIRED TO PROCESS GOVERNOR’S CONSENT TO LEGAL MORTGAGE OF LANDS

1.The CTC of the original title documents.

2. 4 copies of the duly executed mortgage deed

3.There (3) years tax clearance certificate of the mortgagor (and the surety, if any)

4. A receipt of payment of the current ground rent / tenement rate/ land use charge on the property to be mortgaged.

5. A duly completed application for Governor’s consent Form –( called Form 1C in Lagos state)

6. Payment of charting , endorsement and consent fees

7. Any other document as may be required by the mortgagee, such as fire insurance policy.

Where the mortgagor is a company, the following additional documents are required:

Credit - llbindia.com

8. A Certified true copy of the Memorandum and Articles of Association of the Company.

9. A copy of the resolution of the Board of Directors authorising the mortgage.

10. A copy of the Certificate of Incorporation of the Company.

11.Tax clearance certificate of at least 2 Directors.

12. Up to date evidence of payee returns 

To be continued with STAGES IN A MORTGAGE TRANSACTION

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