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Financing

*the service is temporary suspended

Visit our website and choose a relevant project of your interest. The financial calculator will help you select the most optimal monthly payment, as well as the loan term and interest rate. 

When calculating the first deposit you should take into consideration that the bank could offer you no more than 50-75 % of the estimated value of the land.

If you do not have surplus funds for the first deposit, you can mortgage your apartment. To determine the value of the apartment, look through advertisements on the Internet. This way you will be able just to appraise your financial possibilities.

Related costs:

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After choosing the suitable land plot and receiving a preliminary offer for estimation of the apartment and purchased plot’s market value, we will organize a consultation with credit managers of the leading banks of the capital. So you can choose the most favorable loan offer and the bank.

Information obtained will allow you to estimate precisely not only your financial possibilities (loan amount, term and interest rate), but also an amount of your own funding required for the land purchase. At this moment, you can confidently decide on the land plot reservation.

After seeking agreement on the site reservation for a period of credit processing (it is necessary to produce the bank with the reservation agreement) and also obtaining the require documents for the real estate valuation and free consultations in the office of our company you will be able to:

  • Take a loan against the pledge of the land and the apartment independently;
  • Entrust the specialized organization with document preparation (the fee for the services: from 1,5 to 5 % of the loan amount);
  • Have the assistance of our company.

Documents required for obtaining loan

Real estate documents:

  • For land plot: land register, land plan, necessary technical documents (provided by our company).
  • For apartment: land register, property inventory files, receipt of payment for utility services (provided by the client).
  • For house: land register, property inventory files (provided by our company).

Income certificate:

  • Certificate from VSAA,
  • Certificate from VID,
  • Statement of employment (provided by the client)

Other documents:

  • Upon the request of the bank: credit history, account statement.

Our company will help you obtain all documents mentioned above (at extra cost) except income certificates.

After obtaining all necessary documents and completing the application, you can submit the documents to one or several banks of your choice.

Related costs:

  1. Deposit for the real estate property: 2–10 % of the property price (included in the site price);
  2. Payment for contractor services (the price of services of specialized organizations are from 1,5 to 5 % of the loan amount, but it is free if you deal with us).

*** If the land plot chosen participates in the campaign “100 % Loan”, we will return you your first deposit at the time of property sale

** The list of documents can be corrected

  1. Evaluation of the apartment, according to price-lists of leading firms: from EUR 170 * * *
  2. Apartment insurance, according to price-lists of leading firms: from 0,1 % * * *
  3. Banking commission for loan application review (paid by the client in accordance with the price-list of the bank after giving a loan) * * *

After getting solution of the credit committee of the bank you must

  • Conclude the loan agreement and the guarantee agreement (concluded by the guarantor) with the bank;
  • Sign all necessary applications in the land register in front of public notary (registration of mortgaging the apartment, registration of mortgaging the land);
  • Coordinate all loan documents and the text of the letter of guarantee with the seller.

Our company will help you execute all documents mentioned above for free.

When you provide the firm with a full loan and pledge package, you will get the sale contract coordinated in advance and prepared for signing and will be able to conclude an agreement.

* Preparation of projects of 3 contracts (land sale contract, line connection contract and site maintenance contract) is for free

Related costs:

  • Commission for loan application review (paid by the client in accordance with the price-list of the bank after giving a loan).
  • Payment for notarial verification of the documents (paid by the client in accordance with the price-list of the notary): from EUR 285 **

This procedure is considered in accordance with the Law on Land Registers and requires:

For land plot:

  • Application for registration of property rights signed in front of public notary;
  • Purchase agreement;
  • Land tax payment receipt;
  • Certificate of permission of the non-citizen of Latvia to purchase the land (if necessary);
  • State fee receipt (2 % of the transaction amount and the registry fee for registration (in dependence of the amount of public plots))
  • Application for registration of mortgage on the land plot (if the land plot is mortgaged);
  • Loan contract; *
  • Security contract; *
  • Guarantee contract; *
  • Mortgage registration tax payment receipt (0,1%);
  • Receipt of registry fee for mortgage registration.

* - documents mentioned in the application for mortgaging

For apartment:

  • Application for registration of mortgage signed in front of public notary;
  • Security contract; *
  • Loan contract. *
  • Mortgage registration tax payment receipt (0,1%)
  • Receipt of registry fee for mortgage registration.

* - documents mentioned in the application for mortgaging

After registering the property right and banking mortgage on your apartment the bank will pay the remaining part of the purchase price to the company. The customer will get originals or copies of land registers from the credit manager of the bank.