Your site states a guaranteed collateral agreement (NL: hypothecaire volmacht FR: mandat hypothécaire) allows the bank to put a mortgage on your house whenever they feel that you might not be able to pay back your debt. This can save you a lot of money since there is no actual mortgage, which means that you don’t have to pay any registration fees. Registration fees in the Brussels area are 12.5%. How does this arrangement save the fees as I assume every property has to be registered regardless of whether there is a morgage or loan attached to it?
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