Tuesday, 14. July 2020

PROPERTY
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Re-mortgage
The re-financing of a property either by switching lenders, or by taking out a second mortgage to draw on the equity that may have been gained by the ries in capital value of the property.


Redemption
Occurs when a mortgage is fully repaid.
Renovating a property in Austria
We work hand in hand with a number of reputable Austrian builders, please contact us directly.
Repayment Mortgage
Monthly payments which can cover both interest an capital so that the amount that is outstanding will gradually decrease until the mortgage is fully repaid at the end of an agreed term.
Repossession
This occurs when the mortgage lender takes possession of the property due to the non payment of the agreed mortgage.
Retention
This is where a mortgage lender retains part of a loan until repairs or specified works to the property have been satisfactorily competed.
 

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