Document background
The Mortgage and Security Agreement is a fundamental document in Singapore's property financing landscape, used when a borrower seeks financing secured against real property. This agreement is essential for both residential and commercial property transactions, combining the loan facility terms with security arrangements in a single document. It must comply with Singapore's strict regulatory framework, including the Land Titles Act, Banking Act, and where applicable, HDB and CPF requirements. The document typically includes detailed provisions on the loan facility, security creation, covenants, representations and warranties, and enforcement rights, making it a comprehensive security instrument for property financing.
