A property (or the equity in a property) that is free from any mortgages, caveats, or other registered interests. An unencumbered property can be used as security for a new loan without any complications from existing charges.
Property glossary
Property glossary
A property (or the equity in a property) that is free from any mortgages, caveats, or other registered interests. An unencumbered property can be used as security for a new loan without any complications from existing charges.