What types of mortgage loans are there
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What kind of housing is suitable for a mortgage
You can buy a mortgage for both brand new housing on the primary market (even if it has not yet been built) and ready-made housing on the secondary market. Some banks issue loans for the purchase of suburban real estate: a townhouse, a plot of land, a house, or for its construction.
Each bank has its own set of legal and technical usa business email list requirements for real estate for a mortgage, so it is worth clarifying the nuances with the financial institution where you are borrowing.
However, there is a list of standard conditions for all, based on which you can start looking for suitable housing:
the property is located on the territory of the Russian Federation and has the status of residential;
it does not have illegal redevelopment;
the house in which the apartment is purchased is not included in the renovation plans (read: demolition);
the housing is not dilapidated - its depreciation does not exceed 65%;
the house is connected to utilities: water, electricity, etc.;
the property is not mortgaged, under arrest or otherwise encumbered.
This is a set of basic criteria by which banks evaluate housing. Further - details and a matter of chance.
If we are talking about suburban real estate, the list of requirements increases several times. Banks look at the distance of the land from the city, check the infrastructure and the possibility of connecting water, gas, electricity. Additional requirements are imposed on.