A friend of mine owns his own house. When he renovated it 10 years ago, he took out a loan of € 50,000 from a bank. For this, of course, the bank wanted a land charge to be entered in the land register.
This land charge still exists, even if the loan has been repaid in full for 5 years.
What disadvantages can arise if he does not have the land charge removed? Does he have to remove the land charge before he can sell the house? Does the land charge also have advantages?
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