Document background
The Contract of Loan with Real Estate Mortgage is a fundamental document in Belgian real estate financing, used when a lender provides funding secured by real property. This document type is essential for both residential and commercial property transactions in Belgium where mortgage financing is involved. It must be executed before a Belgian notary and registered with the appropriate mortgage registry. The document serves dual purposes: it details the loan terms (amount, interest, repayment schedule) and establishes the mortgage security interest in the property. The contract must comply with Belgian Civil Code requirements, the Mortgage Law of 1851, and relevant financial regulations. It's particularly important to note that a Contract of Loan with Real Estate Mortgage must include specific mandatory provisions required by Belgian law and must be in proper notarial form to be legally enforceable.
