In certain cases it is necessary to use a notary to borrow money, but when is this necessary and when is it not? There are various situations in which it is mandatory or advised to borrow money with a notary, even though you may prefer to borrow money without a notary.

However, the borrower usually chooses that area. He can choose to borrow money with a notary when, for example, a loan is granted to one of his or her children and he wants this to be stated in the will. On the other hand, borrowing money with a notary is usually mandatory when a house is purchased and a mortgage loan is taken out for it. Would you like to know more about borrowing money without a notary?

Borrow money, with or without a notary?

Borrow money, with or without a notary?

Borrowing money for a house is something you won’t just do every day. In addition, such a large loan in the form of a mortgage is usually not taken out by one, but by two people. That is why it is important to agree clearly on how the related formalities are recorded.

Whatever the type of mortgage loan you choose and which agreements are made with your partner, it is always advisable to borrow money for the purchase of real estate with the help of a notary. Borrowing money without a notary is also possible, but entails some risks. Only with a notary can you be sure that you as a borrower have sufficient collateral.

Borrow money without a notary: without a partner

Borrow money without a notary: without a partner

Are you planning to take out a large loan, but are you going to pay for the cost and the repayment of that loan yourself? In that case, it is absolutely not necessary to use a notary for this, unless you wish so. In general it may be clear that in most cases money is borrowed without a notary. Only when it concerns really large and consequently dangerous loans that are signed by not just one, but two people within a family, is it strongly recommended to use a notary for this. Mind you, this naturally also entails the necessary costs that you shouldn’t overlook.