Vendor Take-Back Mortgages

A vendor take-back (VTB) mortgage can be a useful tool in facilitating the sale of real estate while providing ongoing financial benefits to the seller. We assist both vendors and purchasers in negotiating and drafting VTB arrangements, ensuring the terms are clear, enforceable, and compliant with applicable lending laws. Our approach helps clients balance opportunity and risk, allowing transactions to proceed smoothly while protecting each party’s financial interests.

Person signing documents related to land transfer tax at desk.
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Strike & Phillips LLP has been serving the community of Clarington including our home town of Bowmanville and surrounding areas including Oshawa, Whitby, Peterborough, Cobourg, Ajax, Pickering and the Greater Durham Region since 1926.

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