Unfinished real estate purchase

The mortgage for unfinished real estate requires the submission of a valid building permit, a certificate of ownership with the registered unfinished building, an extract from the cadastral map and a geometric plan. Of course, a current expert report and proof of creditworthiness are needed. If there is a lien on the property in favor of another bank, it is also necessary to proceed as in the case of real estate purchase with a bank encumbrance. It is necessary to pay attention to access roads and shared property. A number of other documents may also vary depending on whether the property is purchased from a natural or legal person (e.g. in case of a developer project).

In addition to what you need to arrange a mortgage, you need to know more about the drawdown of the loan to finish the construction, and what the additional conditions after the mortgage drawdown will be.