Today, as the real estate market continues to develop, more and more people are adding value to their assets by trading in real estate. Lending with property as collateral has become a common form of borrowing. However, did some people have the right to use the property as collateral for a loan in the absence of a real estate certificate or if it was not registered in their own name

Can I take a mortgage on my own

First of all, it needs to be made clear that the laws and regulations currently in force in our country provide that only the owner registered on the property certificate has the right to use the property as collateral. As a result, the right to use it as collateral is not available to the person without the property certificate. Moreover, even if it is not legal and disputes may arise in the name of an intermediary company to produce a real estate certificate, it is not recommended。

Secondly, judging by our legal authorities, the act of refinancing with another person ' s property certificate would be considered a violation of the fundamental principle of the right to property. In case of non-compliance, the seal would be punished and the corresponding legal liability would apply。

However, if the property certificate is not obtained in person, but is in the name of the next of kin, it may be used as a collateral to conduct the loan business when there is a real need for money, with the owner ' s consent, so that the liquidity problem can be resolved quickly. It needs to be noted, however, that in this case, because of the greater risk, borrowers often have to pay higher interest rates on loans。

Finally, a key factor in the availability of mortgages is the specific lending institutions and policies. Different lending institutions and policies have different requirements for borrowers and mortgages, so when applying for mortgages, they need to be informed in detail about the policies and the specific requirements of the institutions concerned。