You will need
- - passport;
- package of documents for obtaining a loan;
- - documents of title to the property issued as collateral;
- - notarized authorization from the other spouse and all co-owners.
If you buy an apartment and make out in the pledge of existing property, the down payment can be minimal. The Deposit shall be in accordance with Federal law No. 102-F3 from 16.07.98. and article number 334 of GK of the Russian Federation.
For credit you will need to fill in a questionnaire issued by the Bank, to present a passport, an income certificate form 2-pit. For registration of the contract of the Depositand submit to the Bank a certificate of ownership or documents of title to the property.
To register any property in the possession of several owners, you will need to obtain a notarized authorization from all co-owners (article 244 of the civil code). If the property you bought, being in registered marriage, for registration Depositand you need to get notarized permission from the other spouse (article 256 of the civil code, article No. 34 of the RF IC).
To pledge any asset notarial agreement, which is registered in PPRC. The entire term of the loan, the collateral will be your property, but imposed restrictions.
If you have no valuable assets and you need to provide a Deposit, the Bank will issue a mortgage loan received in pledge the purchased apartment.
Credit is granted on a General basis and for a flat you are required to contribute specified by the Bank the initial payment. Often the first contribution depends on your income level, confirmed by the certificate form 2-pit, the amount of credit available and the cost of the apartment.
The apartment you decorate the property with the restriction in the form of a Deposit. Collateral notarial contract, with the subsequent registration in PPRC.
Once you repay the entire loan, get a Bank certificate and hand it in PPRC. Restriction on rights of ownership will remove and will make in the register the appropriate mark.
Advice 2: How to buy an apartment from the Bank as collateral
The purchase of the apartment, which is pledged to the Bank is often more profitable than the traditional one. This is due to the fact that the sale of the collateral quickly interested not only homeowners, but also the Bank. Therefore, to buy an apartment in pledge, can be much cheaper. And besides, there are several ways how to do it.
Buy an apartment with the help of the Bank. The financial institution will provide you with specifically allocated for this purpose, a Bank cell, which later you put the money for the purchase. Please note that the full amount will need to be divided into two parts: one is to repay the loan to the Bank, the second by the difference between the loan balance and the difference in cost of apartments. The money from the first cell will take Bank, the second - the owner of the premises, which sells the flat. As recognized experts, is the safest way of acquiring real estate collateral. Safety is ensured by the fact that the money from both cells, the seller and the Bank will be able to pick up only after registration of apartments in your property.
You can buy an apartment a Deposit and reservation agreement. In this case, the current owner of the property must obtain permission of the Bank on the early repayment of the mortgage loan. Then the potential buyer will pay the balance owed for the owner. Then the last will get his certificate of no debt and is in full right of ownership. Since then, the purchase transaction is carried out on a regular basis. The buyer must also pay the seller the difference between the balance owed and the cost of the apartment. The method of calculation chosen any - Deposit box, cash, transfer from account to account. However, this method is the called very dangerous for the buyer. It is not known how to lead the seller. Perhaps receiving a certificate of absence of debt, it will simply make everything for themselves and decide to sell.
The cost of the apartment in pledge, slightly lower than the market average. This is due to the fact that the flat was purchased some time ago, when real estate prices were lower. And how to sell it and the Bank and the seller needs to move quickly, to drive up the price on it they won't. However, we should not delude ourselves that everything will be easy and smooth. Consider the potential risk and complexity. For example, in some cases, you will need to remove from the apartment the status of the collateral. And that the extra financial and time costs.
Carefully choose the Bank collateral which you want to purchase, because if he goes bankrupt during the transaction (which is not uncommon today), your money back will be problematic.