Purchasing house on mortgage and Mr. Ghamidi’s view

Dear Ghamidi sahab,

Salam,

I have listened to your lectures and I have been able to correct my many beliefs that we had from my ancestors.

Relating to mortgage you said that banks buy us the property but when I read the agreement they actually lend us the money and our liability is the cash which they paid to our layer to acquire my property , the title name on the property is mine not the bank so how we take this interest amount as rent . In case I am not able to pay back my mortgage amount they will takeover my home, sell it and take their money and if some amount is left they will give it to us.

Kindly let me know is this procedure of mortgage is Jaiz (permissible).

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