Document background
The Letter of Intimation of Mortgage is a fundamental document in Saudi Arabian real estate financing, used when a mortgage is created or modified on a property. This document serves multiple purposes: it formally notifies relevant authorities and parties about the mortgage's existence, provides essential details about the mortgaged property and the financing arrangement, and ensures compliance with both Saudi Arabian regulatory requirements and Islamic financing principles. The letter must be prepared in accordance with SAMA guidelines and the Real Estate Finance Law, typically being issued by the financial institution (mortgagee) after the mortgage agreement is finalized. It forms part of the official documentation required for mortgage registration and serves as a crucial reference document throughout the lifetime of the mortgage.
