Secondary mortgage – secure your loan with property as collateral
Use the value of your property for more liquidity.
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How a secondary mortgage works
A secondary mortgage is a loan secured by property. The lender is registered as a creditor in the land registry. In the case of a conventional mortgage, this is in the first rank; for a second mortgage, it is in the second rank. Further ranks are also possible.
If the borrower is unable to repay the loan, the lender has the right to realise the value of the property (e.g. sell it).
At LEND, we offer flexible solutions converting the value of your property.
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Your contact for customised mortgage solutions
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Harald Weber
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Sorousch Lapour