Property buyers often fund the purchase price through a financial institution, although loans are also granted in the private sphere. In all cases lenders need to ensure that their claim for repayment of the loan is sufficiently secured. If necessary, the notary can draft a loan agreement setting out binding and unambiguous provisions for repayment arrangements, interest rates etc. As security, mortgages (land charges and loans) can be recorded by the notary. If the loan is not repaid, it is then possible for the lender to realise their unpaid claim on the mortgaged property by way of judicial foreclosure proceedings. In that way the lender is covered for the loan granted.