Encumbrance holder

• He's mortgaged
• Mortgaged one
• Borrower on property
• One with a mortgage, e.g.
• One whose property is subject to a legal claim
• Holder of encumbered property
• Mortgagor, e.g.
• One subject to a mortgage
• One whose property is held

Wiktionary Word definitions in Wiktionary
n. (context legal English) One who has right of possession of goods but not right of property; the registered owner.