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You are at:Home»Finance»Features of a mortgage in Findland: What you need to know

Features of a mortgage in Findland: What you need to know

September 18, 2018

Finland is considered one of the most prosperous states in terms of living standards. Therefore, many foreigners want to come here and stay permanent residence. In this regard, foreigners are very interested in real estate in this country, since it is quite realistic to take a loan for the purchase of housing here. Thanks to the developed regulatory framework, lending conditions here are clearly regulated. Mortgage and commercial banks can give you a mortgage, but their conditions will be different. Finns love comfort, so they hardly build small apartments. As a result, real estate is relatively expensive. The middle area of ​​the apartment with two rooms is 55 square meters. Real estate prices also depend on the size of the city or settlement, and on its remoteness from the center.

As for the Ipopter lending, the conditions here are the same for legal entities and individuals. Foreigners on average take a loan of 5% per annum, the minimum contribution is 15% of the value of the object, and the term for which the loan is issued is 5-60 years. Housing loan can take persons who have reached 21 years. As ensuring the obligation, a pledge having a type of real estate belongs to the borrower or third party is provided.

Finland is a developed European state. If you have a vacation in Finland 2012, then in parallel with your vacation you can choose a house or cottage, which can be used for permanent residence, or lease, while making a profit. Rest in this country will become unforgettable and will bring many positive impressions.

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