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Someone who holds investment funds and wants to buy a property can consider different options: using available savings, redeeming part of the portfolio, taking out a mortgage or pledging investments as collateral for financing. This example explains what to compare; it does not document a real transaction or a saving achieved.
Start with the same amount borrowed and a comparable payment schedule. Review fixed or variable rates, rate resets, the term, repayments, fees and other expenses. The tax treatment of any redemption depends on the individual situation and should be assessed with the appropriate professional.
Pledged fund units are blocked as collateral. They cannot be freely redeemed or transferred while the pledge remains in force, unless it is released under the contract or enforcement applies.
The debt must be serviced even if the portfolio falls in value. Keeping the funds does not ensure their returns will exceed the cost of borrowing. Consider what happens if collateral values fall, rates change or you need liquidity, and which enforcement rights the contract provides. Borrowing to keep investments adds risk to your finances.
We review liquidity, income, repayment capacity and risks alongside the specific terms of each option. Approval and terms depend on the lender's assessment. No rate or saving is presented as a current offer.
Educational example without client data. Editorial review: 23 October 2026. This is not a personalised recommendation to borrow or invest.
Sources: Bankinter: pledging fund units and CNMV: criteria for pledged securities. Accessed 23 October 2026.