Of what consists the additional hypothec?

The additional hypothec (also known as additional mortgage) corresponds generally to 20% of the amount of the hypothecary security. It is intended to secure the repayment of any sum owed by the borrower other than the initial loan. The additional hypothec will secure new advances of money or the costs of recovery (costs of preparing and publishing the prior notice of the exercise of a hypothecary remedy, bailiff's fees, legal costs, etc.) paid by the financial institution in the event of default of the borrower.