Create a bespoke document in minutes, or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Mortgage Purchase Contract
"I need a Mortgage Purchase Contract for ABC Bank's acquisition of XYZ Credit Union's residential mortgage portfolio, consisting of 150 mortgages with a total value of $75M, with settlement scheduled for March 15, 2025, including provisions for electronic settlement through PEXA."
1. Parties: Identifies and provides full details of all parties to the contract, including the purchaser, vendor, and any relevant financial institutions
2. Background: Sets out the context of the transaction, including the existing mortgage arrangement and the intention to purchase/transfer the mortgage
3. Definitions: Defines all key terms used throughout the contract
4. Purchase Price and Payment Terms: Details the agreed purchase price for the mortgage and the payment structure
5. Settlement: Specifies the settlement date, process, and requirements for completion of the transaction
6. Representations and Warranties: Lists the representations and warranties made by both parties regarding the mortgage and underlying property
7. Assignment and Transfer: Details the legal mechanism for transferring the mortgage rights and obligations
8. Conditions Precedent: Lists all conditions that must be satisfied before settlement can occur
9. Default and Remedies: Outlines what constitutes default and the available remedies
10. Notices: Specifies how formal notices between parties should be given
11. Governing Law and Jurisdiction: Confirms the application of Australian law and specifies the governing jurisdiction
12. Execution: Contains the formal signing requirements and execution clauses
1. Regulatory Compliance: Additional section required when the transaction involves regulated entities or specific compliance requirements
2. Security Interest: Required when additional security interests are being created or transferred
3. Third Party Consents: Needed when the transaction requires consent from other parties
4. Insurance: Required when specific insurance arrangements need to be addressed
5. Tax Considerations: Include when there are specific tax implications that need to be addressed
6. Broker Provisions: Required when a broker is involved in the transaction
7. Electronic Settlement: Include when settlement will occur through an electronic platform
1. Schedule 1 - Mortgage Details: Detailed information about the mortgage being purchased, including loan number, current balance, and interest rate
2. Schedule 2 - Property Details: Details of the underlying property, including title reference and property description
3. Schedule 3 - Settlement Requirements: Checklist of all documents and requirements for settlement
4. Schedule 4 - Calculation of Purchase Price: Detailed breakdown of the purchase price calculation
5. Appendix A - Required Forms: Standard forms required for the mortgage transfer
6. Appendix B - Consent Documents: Templates or copies of required consent documents
7. Appendix C - Due Diligence Checklist: List of due diligence items to be verified before settlement
Authors
ADI
Applicable Law
Assignment Date
Authorised Representative
Business Day
Completion
Completion Date
Conditions Precedent
Cut-off Date
Default Interest Rate
Discharge
Disposal
Effective Date
Eligible Mortgage
Encumbrance
Event of Default
Existing Mortgage
Financial Claims Scheme
Financial Institution
Governing Law
GST
Insolvency Event
Interest Rate
Land
Loan Agreement
Material Adverse Effect
Mortgage
Mortgage Documents
Mortgage Portfolio
Mortgaged Property
Mortgagee
Mortgagor
Outstanding Balance
PEXA
Purchase Price
Purchaser
Real Property
Related Security
Relevant Authority
Representative
Security Interest
Settlement
Settlement Date
Settlement Requirements
Title Documents
Transfer
Transfer Documents
Transferred Rights
Vendor
Verification Statement
Definitions
Purchase and Sale
Purchase Price
Payment Terms
Settlement
Conditions Precedent
Due Diligence
Representations and Warranties
Assignment
Transfer of Rights
Security Interest
Regulatory Compliance
Consumer Protection
Property Transfer
Documentation Requirements
Title and Ownership
Default
Remedies
Indemnification
Insurance
Notices
Confidentiality
Data Protection
Anti-Money Laundering
Force Majeure
Amendment
Severability
Entire Agreement
Assignment and Novation
Third Party Rights
Electronic Settlement
Costs and Expenses
Tax
Dispute Resolution
Governing Law
Jurisdiction
Execution
Banking & Financial Services
Real Estate
Mortgage & Lending
Financial Technology
Investment Management
Legal Services
Property Development
Wealth Management
Legal
Mortgage Operations
Credit Risk
Compliance
Finance
Investment
Real Estate
Operations
Portfolio Management
Settlement
Risk Management
Property Finance
Legal Counsel
Mortgage Officer
Credit Manager
Financial Controller
Risk Manager
Compliance Officer
Portfolio Manager
Investment Manager
Real Estate Manager
Settlement Officer
Banking Executive
Property Finance Manager
Mortgage Broker
Commercial Director
Operations Manager
Find the exact document you need
Mortgage Loan Modification Agreement
An Australian jurisdiction agreement that modifies existing mortgage loan terms between lender and borrower(s), maintaining compliance with national credit laws.
Home Mortgage Contract
An Australian-law governed agreement between a lender and borrower establishing the terms of a loan secured against residential property, compliant with federal and state mortgage lending regulations.
Settlement Agreement Mortgage
An Australian-compliant Settlement Agreement for resolving mortgage arrangements between lenders and borrowers, including settlement terms and release conditions.
Mortgage Variation Agreement
An Australian legal document that modifies the terms of an existing mortgage agreement, ensuring compliance with local property and banking regulations.
Mortgage Spreader Agreement
An Australian legal document that extends an existing mortgage security to cover additional properties, subject to Australian property and banking laws.
Mortgage Sales Contract
An Australian law-governed agreement establishing mortgage financing terms between a lender and borrower, including loan details, security arrangements, and regulatory compliance requirements.
Home Loan Agreement
Australian-compliant home loan contract between lender and borrower(s) for residential property financing, governed by NCCP Act and state property laws.
Mortgage Deferral Agreement
An Australian law-governed agreement that enables temporary deferral of mortgage payments, specifying terms and conditions for the deferral period and subsequent repayment arrangements.
Agreement For Mortgage Of Property
An Australian law-governed agreement creating a security interest in real property to secure a loan, setting out the rights and obligations of both lender and property owner.
Holding Mortgage Agreement
An Australian law-governed agreement creating a temporary mortgage security interest over property pending permanent financing arrangements.
Second Mortgage Agreement
An Australian legal document creating a secondary security interest over property already subject to a first mortgage, establishing terms for additional secured financing.
Mortgage Loan Purchase And Sale Agreement
An Australian law-governed agreement for the sale and transfer of mortgage loans between financial institutions, including transfer mechanics and regulatory compliance requirements.
Home Loan Purchase Agreement
An Australian jurisdiction agreement establishing the terms and conditions for mortgage financing between a lender and borrower, including loan details, security arrangements, and regulatory compliance requirements.
Family Mortgage Agreement
An Australian legal document establishing a mortgage arrangement between family members, securing a loan against real property while addressing specific family lending dynamics.
Owner Financing Mortgage Contract
An Australian-compliant legal agreement where the property seller provides direct financing to the buyer, establishing loan terms and security arrangements under Australian property and consumer credit laws.
Private Mortgage Agreement
An Australian law-governed agreement establishing terms and conditions for a private mortgage arrangement, including loan terms, security details, and parties' rights and obligations.
Seller Financed Mortgage Contract
An Australian law-governed agreement where the property seller provides purchase financing to the buyer, incorporating consumer credit protection and property law requirements.
Mortgage Loan Purchase Agreement
An Australian law agreement for the sale and purchase of mortgage loan portfolios between financial institutions, including transfer of rights and security interests.
Mortgage Separation Agreement
An Australian legal agreement that facilitates the separation of mortgage obligations between co-borrowers, detailing property ownership transfer and financial responsibilities.
Joint Mortgage Agreement
An Australian legal agreement establishing terms for multiple borrowers jointly securing a property loan, detailing rights, obligations, and security arrangements under Australian law.
Reverse Mortgage Agreement
An Australian legal agreement allowing seniors to borrow against their home equity while maintaining residence rights, subject to federal consumer credit protection laws.
Mortgage Purchase Contract
An Australian law-governed agreement for the purchase and transfer of mortgage rights and obligations between parties, including all necessary regulatory compliance provisions.
Mortgage Assignment Agreement
An Australian law-governed agreement that transfers mortgage rights and obligations from one financial institution to another, including associated security interests and compliance requirements.
Mortgage Sale Agreement
An Australian law agreement for the sale and transfer of mortgage rights between financial institutions, complying with federal and state property laws.
Mortgage Extension Agreement
An Australian law-governed agreement that extends the term of an existing mortgage while maintaining or modifying other original mortgage conditions.
Mortgage Lease Agreement
An Australian legal document that combines a mortgage agreement and lease agreement, establishing rights and obligations between property owner, bank, and tenant.
Mortgage Modification Agreement
An Australian legal document that modifies the terms of an existing mortgage agreement while ensuring compliance with national banking and consumer credit regulations.
Mortgage Assumption Agreement
An Australian law-governed agreement enabling the transfer of mortgage obligations from an original borrower to a new borrower, with lender approval and maintaining existing security interests.
Download our whitepaper on the future of AI in Legal
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.