annuities

The pension debt is a burden on the property in such a way that on regular recurring dates a certain sum of money is to be paid out of the property (pension). This is a special form of the mortgage, The debtor (owner) has - after a notice period of usually six months - the right to replace his debt against payment of a lump sum.

The amount of this transfer fee must be determined when ordering the pension obligation and in Land Registry be registered.

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