Divisible Mortgages: Expanding access to Homeownership

In June 2025, the government introduced a groundbreaking legal tool: divisible mortgages. this initiative aims to expand access to credit and reactivate the construction market by enabling buyers to obtain financing for properties under development.

Traditional mortgage credit is typically limited to finished and deeded properties. This new scheme breaks that mold, allowing financing for the purchase of homes still under construction – an option previously unavailable through traditional bank loans. Experts believe this measure could open a significant credit channel for the middle class, tho prosperous implementation hinges on available funding within the financial system.

How Divisible Mortgages Work

The process begins with a developer establishing a general mortgage on the land or project. This mortgage can then be divided among different buyers as construction progresses.Essentially, each buyer can pay for their unit during construction, and upon completion, the mortgage is fractioned, assigning the corresponding balance to each individual home.

This creates a scenario where each buyer becomes an individual debtor to the bank, with a credit line specifically tied to their property. This model benefits both parties: buyers gain access to long-term financing, and developers receive early liquidity to continue construction.

The core goal is to bring credit to the early stages of real estate development, an area historically lacking adequate financial tools.

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