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Can I use my apartment as collateral for a loan in several different banks?

It is possible to register several pledges and proportional pledges for the apartment. This means the apartment can be pledged to several different banks.

The pledgee bank applies for the registration of the pledge from the National Land Survey of Finland. The owner’s consent is required to register the pledge. Please also note that the pledgee will determine the value of the property and decide whether the property can be used as collateral.