A loan is often required to buy a home. This (often in combination with some of your own money) allows you to buy a home. You borrow money from your bank or financier and they want certainty that you will repay the loan. The bank or financier obtains a pledge on your home. This must be recorded in a notarial mortgage deed.
In addition to the financial obligations resulting from taking out a mortgage loan, you are also bound by a number of restrictions. These restrictions are listed in the mortgage deed. For example, you may not rent the home to another person without first obtaining permission from the bank. We can give you more information about this and other restrictions.
Once you own a home, you may still require a new or extra mortgage, for example for renovations, to increase your spending limit or if you want to switch to a different financier.
As soon as the bank sends the documents to our office, we will ensure that the mortgage deed is executed. Once you have signed the mortgage deed, Notarishuys Veldhoven will register the details at the Land Registry Office.