Terms and conditions

CHB offers a long term annuity mortgage at a competitive interest rate. In line with our current conditions the mortgagor is eligible for a maximum term of the loan of 35 years up to his 70th birthday, provided sufficient pension income when applicable and proper life insurance coverage.

In general you can borrow up to 70% of the market value of the mortgaged property as mentioned in an appraisal report, depending on the particulars of the case. The appraisal report may not be older than one year and should be compiled by an appraiser on the list of CHB. For mortgages over 70% of the market value additional requirements apply; please indicate your financing needs to us prior to commissioning the appraisal report.

The right of mortgage can only be established by a civil law notary. The mortgage deed will state the maximum amount that the bank can recover in case of default. The loan agreement or credit arrangement, however, states the amount that is made available to the mortgagor. This credit can be increased or made up, as the case may be, as long as the maximum amount of the mortgage deed is not exceeded. Through this arrangement the procedure at the notary, and costs involved, does not need to be repeated.

In the event that the mortgagor is in default of compliance with amortization of the mortgage, the bank, in his capacity of mortgage holder, is entitled to take recourse by selling the mortgaged property at public auction, in order to recover, by priority above others, his claim on the mortgagor out of the proceeds of same.

In addition to the provisions in the mortgage deed and the loan agreement, our General Conditions  also apply on the mortgage loan.

Please note that these terms and conditions are subject to change without prior notice. The above terms and conditions therefore do not constitute an offer.