Equitable Mortgage vs Registered Mortgage: Know the difference

Hero Housing Finance Ltd12 Apr, 2023Finance

An equitable mortgage and a registered mortgage are both types of mortgages, but they differ in terms of how they are created and registered. Here are the key differences between the two: Creation: An equitable mortgage is created by way of an agreement between the borrower and the lender, whereas a registered mortgage is created by way of registration with the appropriate land registry or registrar. Registration: An equitable mortgage is not registered with any land registry or registrar, while a registered mortgage is registered with the appropriate land registry or registrar.