Many people dream of putting their own house outside the city, whose construction they will supervise from its beginning to the very end. The purchase of a plot of land for development is, of course, a huge expense, which often exceeds the savings accumulated over the years. However, there is a way to not have to give up many years of dreams.

In this situation, it is worth considering taking a loan that will make this dream come true, buy a plot of land and start building a house. Such a loan is often a step closer to fulfilling the dream of owning your own home. A person whose life and financial situation is stable, can start applying for a loan, which he can use to purchase a selected plot.
It is good to know what documents are needed to obtain a mortgage for the purchase of a plot. Banks usually require specific documents before they can be granted. Of course, first of all you need to confirm the status of the plot you want to buy – it must necessarily be a construction plot, that is, the area intended for development.

The first of the documents that should be delivered to the bank in which we want to apply for a loan is an excerpt from the Land and Mortgage Register, which is kept for a given property or, depending on the case, an extract from the Land and Mortgage Register may be required, from which the property for which we want to obtain a loan will be extracted. Then you may need a notarial deed of sale. If it has not been signed yet, you may need a pre-sale contract.

Housing on a given plot

If the basis for the purchase of a given property was a donation agreement, then it should also be prepared before visiting the bank and applying for a loan. One should not forget about the document, which confirms the fact that this area was intended for single-family housing. This means that a certificate of intended use should be prepared in the current land use plan. In another case, it is also mandatory to provide the bank with decisions on building and land development conditions, which confirms that it is possible to build single-family housing on a given plot. You cannot forget about an excerpt from the land register. Before visiting the bank, you should also prepare a copy of the cadastral map.

The mere laborious preparation of documents, however, will not be enough to get a loan to buy a plot. Unfortunately, people who need such a loan will not receive it in every bank. Some of the banks do not even recognize such collateral in the form of a construction plot. It also happens that, if the plot itself is to be a collateral for the granted loan, banks demand a much higher own contribution.
However, it is also worth explaining the notion of own contribution. Own contribution can be defined as the borrower’s share in financing the purchase.

Non-own insurance

In the case of a loan for the purchase of a housing plot, a very large down payment is sometimes required – it can reach up to forty percent in such a property. Many banks often credit the purchase of a plot of land in the amount of less than the value of the plot – for example, in fifty, sixty, seventy or eighty percent. This difference is a kind of own contribution. Of course, it is worth remembering that it is possible to obtain a loan of 100% of the plot value. what does it mean? In short, it means that the bank secures the repayment of the loan with this amount when there is no own contribution.

However, this requires an additional fee. This fee is also known as non-own insurance. Such a premium is usually paid in advance for a period of three to five years. Fortunately, such an additional fee is recoverable, but only if the borrower makes an own contribution in the appropriate period, which will be equal to the required overpayment of the loan. Otherwise, you must pay the next premium. There is also another way to get a 100% loan for the purchase of a construction plot.

This can also be done by securing this plot with another property. A loan for the purchase of a plot of land is usually granted on the same terms as housing loans. However, the loan for the purchase of a construction plot usually bears the same interest as a mortgage. Such a loan can be taken for up to thirty-five years. 

Many young marriages are wondering where to live? Most often they are houses or flats where there is already someone, if the mother-in-law is not an easy situation. Even the best mother-in-law and father-in-law is not a flat alone and you will soon find out. The most important is that we can find a flat or house very quickly. Further illustration at sift-life.com

Not all of us have rich parents, that’s why a mortgage comes into play. This is the only way, but of course you will have to earn a lot to get such a loan. Today it is difficult to get larger amounts, because banks require considerable collateral. Young couples are wondering whether to take a mortgage now or only when a child or children appear.

How does it look in practice?

Remember that if you are applying for a mortgage, the number of people in your family matters. If we have a child, there are already three people and the income and expenses are divided by them, so we may not get a loan because our creditworthiness will be too low. Statistics clearly show that if we have three or more children, we can afford a smaller mortgage. The problem is that if we have a large family, we want to have a larger apartment.

For the amount of four hundred thousand zlotys in a large city, an apartment that can accommodate a family of four cannot be found. You can live in a small apartment, but that’s not the point, because we want to live in comfortable conditions, not one person on top of the other. Those times are over, that’s why you need to look for something for yourself. If we don’t have children today and we buy an apartment, then we will have to think carefully about how many these children we plan. Many people just don’t think about it and buy a two-room apartment, after which it turns out that one child is already a problem in a small apartment, and two or three are not at all.

You must not look at what is happening today, just look ahead and then we will not have any problems. You will not regret that instead of buying a large apartment we are in something very small. We have a loan for this flat and we will not exchange it for a larger one. A mortgage is a commitment for decades, and therefore children will move out of the house before we repay the loan.

Credit granting

Banks like to give loans to young couples because they know that they will pay it off on time. In general, it is rare in Poland to pay off mortgage loans on time, because people are aware of the consequences that may pose for them, and so it is about getting thrown out of the apartment and a bailiff case. The mortgage, if the apartment has not covered this amount, is still payable whether we live in the apartment or not. This is how it works in Poland that we take a loan not for real estate, but for the purchase of real estate. What is the difference?

Such that we have to give back the money and that is what we borrowed, and if something goes wrong, the apartment goes to auctions and the differences in the received amount are still repaid. If we had a loan for real estate, we would not pay back, they would take away the topic. This is the case in the USA, among others. Unfortunately, we cannot count on this in Poland, so if there are problems with paying off, then the big problem with the property we own will start.

We calculate a mortgage

Before we go to the banks on our own you will be able to do a mortgage calculation. The websites have special calculators that allow this, so you need to check how it works. If he meets our expectations and we see that one of the banks will definitely give us money, he can be contacted.

We’ll find out what documents are needed and how much time it may take. The shorter the better for us, because we certainly dream of our new apartment, and the sooner we move to it, the better for us. You can choose new apartments that are just being built, but you can also take advantage of the offer for used apartments. The prices are very different for such apartments and you have to compare them, and then we will know what pays off and what does not.

Let’s choose not only the mortgage, but also the apartment, and then we will not regret our decision. In large cities, apartments are very expensive, so you have to think about whether it is better to buy something outside the city and commute to the city? Many people do just that and are really very happy, so let’s analyze everything and then we will know what pays off and what does not. 

To increase their financial strength, they often appeal to the parents. They do have the necessary resources and are only too happy to invest in their offspring. Discover the possibilities here!

Parent support: different formulas

Do you also want to give your children a helping hand with the purchase of their home? Then you have different options, each with their advantages and disadvantages :

• Hand gift or bank gift : the easiest solution from a practical point of view. You can perfectly transfer an amount or hand over cash without the intervention of a notary. However, this involves some risks: just think of inheritance conflicts and tax disadvantages. For example, an unregistered hand gift is only tax-free if you survive the donation for at least three years.
• Notarial donation : A notarial deed has the great advantage of the security. The notary records all the conditions attached to your donation, so that there is no ambiguity later. Moreover, the three-year fiscal waiting period is lost, although you do of course pay registration fees.
• Personal loan : Do you want to recover your investment partially, fully or with added value? Then a personal loan is the best choice. A partial repayment is possible by canceling the debt over time. In that case, the remission is considered as a gift, including the conditions attached to it.

Fair share? A few points for attention

All your children are legally entitled to an equal share of your assets . If one child gets more than the others, this must be corrected when the parents die. However, some play is possible. You can assign the so-called ‘ freely available part ‘ of your assets to your own preference.

The amount depends on the number of children in your family.
With a donation you are of course never sure that your son or daughter will stay together forever with his or her partner .

Debt balance

Their input is also not always as high as that of their partner. Therefore build in the necessary certainty. For example, have the notary state that the donation remains your child’s own good.
Tip: security is also a must for your child’s mortgage credit . Debt balance insurance is already a first step. Would you like more information about your debt balance insurance? Please contact us. We are ready for you!

Do you have a car? Then you are required to have at least third-party liability insurance. That’s a fact. And do men pay more premiums than women? No, that’s a fable. We list the greatest facts and fables for you.

Fables

1. An insurer accepts everyone

Not true. An insurer is not obliged to accept everyone. If insurers see you as too great a risk, they may refuse you. For example if you have driven a lot of damage.

2. Claiming window damage costs you damage-free years

 No, it is not. Most claims have an impact on your claim-free years. Window damage and theft not. These claims therefore have no direct influence on your premium.

3. Your car insurance automatically stops when you sell your car

 This is not the case. You must cancel your car insurance with your insurer. And don’t forget to send the proof of warranty.

4. The green card is mandatory in the Netherlands

No, this is not mandatory. But it certainly doesn’t hurt to have this – literally – green card with you. In some European countries it is considered a national insurance certificate, so always take it with you on a trip!

Facts

1. Steps on the bonus-malus ladder are not the same as claim-free years

Indeed, these differ from each other. The step on the bonus-malus ladder determines how much discount you will receive if you drive without damage. This differs per car insurer. The following applies to all motor insurers: with most claims you claim, you fall back five years without claims.

2. The premium may vary per postcode

 This is indeed the case. More is claimed by insured persons in some zip code areas and cities. That is why the premium there is higher. You can imagine that a lot of damage is being driven in the center of Amsterdam, for example.

3. Young people up to the age of 24 pay a higher deductible

Is right. For most insurers, an increased deductible applies to young people under 24 years of age. This is because young people have less driving experience and therefore a higher risk of car damage.

4. Young people and the elderly pay a higher premium

This is also true. It differs per insurer. Young people and the elderly both belong to risk groups and therefore pay more premiums with a number of insurers.

Fact or fable: comparing takes a lot of time

This is certainly a fable! You can compare the best car insurance policies in three steps. And that quickly gives you a nice saving! Save easily on your car insurance

A mortgage entails the necessary costs. For example, the notary fees are a fixed cost item when taking out a mortgage, but also at the time that you sell the property or have fully repaid your mortgage. How high are the notary fees for a mortgage and what do they consist of? Read everything about the average notary fees in the article below.

Notary mortgage costs

When buying a home, you engage a notary for the mortgage deed and for the purchase or delivery deed. The mortgage deed contains information about the mortgage, the mortgage provider, the property and you as the owner. The deed of sale is the agreement between you as a buyer and the seller of the house, which clearly states that the seller is transferring the house to you.

The notary fees for the mortgage and deed of sale consist of:

• Registration fees Land Registry. The notary registers the deeds in the registers of the Land Registry. A fixed rate applies for this. The notary pays these costs to the Land Registry, but charges these costs to you.
• Search costs Land Registry. The notary must select and look up certain matters in the registers.
• Fee. The notary performs work to prepare and register the deeds and this takes time.
• VAT. You pay 21 percent VAT on the above costs.

Average costs of notary house purchase

It is best to compare the rates of different notaries, because each notary works with different rates. On average you pay more than 700 to 2,000 euros for the mortgage and purchase deed.

Notary fees house – Mortgage transfer

Sometimes you save a lot on your mortgage by transferring it to another mortgage provider. For example, because you then pay a lower mortgage interest. At the end of the fixed-rate period, you do not have to pay penalty interest in the event of a transfer, but you do pay notary fees because a new mortgage deed is required. These notary fees amount to just under 500 to more than 1,500 euros.

Average notary fees – Unsubscribe from the land register

If after some time you have repaid your mortgage in full, you can have it deregistered with the Land Registry. After all, there is no longer a mortgage on the home. For this you also use a notary. This will cost you around 70 to more than 200 euros.

Average notary expenses deductible?

Certain notary fees are tax deductible. This means that you can deduct your expenses once from your taxable income in box 1, so that you pay tax on a lower income. This applies to the mortgage deed, but not to the purchase deed. Moreover, the costs for the mortgage deed are only deductible if you move.

A new one has been added to the loan facilities offered by banks to the people who will get married. Some terms and documents are required for the dowry loan which is extremely advantageous and consists of various campaign details. In our article, while explaining to whom dowry loans are given, we have listed the required documents and conditions.

Apply for loans to marry

Banks are creating various products to offer to people who apply for loans to marry. With the approach of the marriage date, the loan product prepared specifically for customers seeking financing for dowry preparations is called dowry loan .

You can cover all expenses related to your dowry by using this product. In this way, you will not only have to force your budget for marriage, but you will also receive funding for your dowry expenses.

Dowry Loan Application Requirements and Required Documents

We can say that the documents that can be requested in the application of dowry loans are almost the same as the documents requested in all kinds of consumer loans. It is usual for you to apply with your proof of identity and income.

An invoice certificate or other documents may be requested by you at the branch. What is important for the dowry loan is that the application conditions can be met. Because not everyone can benefit from this loan product.

The first condition for a dowry loan, which is a very comprehensive product, is to be between the ages of 18-24 . The applicant must be a Turkish citizen or within the scope of Article 28 of the Turkish Citizenship Law no. 5901 and have not previously married . Banks also allow opening dowry accounts for blue card holders . Individuals with a blue card can benefit from this type of account.

Dowry Loans Banks

Most of the banks operating in our country provide dowry loans to people who are considering marriage. We have listed the 5 most preferred banks among these banks and the features of their products for you…

Good Finance Bank Dowry Loan

Good Finance Bank provides services to those wishing to open a state-sponsored dowry account under certain conditions. These conditions include the first marriage before the age of 27, the application with the documents within 6 months from the date of marriage, regular accumulation for a minimum of 3 years before the date of marriage, being a national citizen or being within the scope of the Turkish Citizenship Law No. 5901.

The state contribution varies according to the payment made and it is reported that it cannot exceed 20% of the savings in

Good Lender Dowry Loan

Only people under the age of 24 can benefit from Good Lender dowry loan product, which can be used by real persons who are Turkish citizens and blue card holders. Individuals between the ages of 18 and 24 are required to have not previously married before opening an account .

Persons under the age of 18 can be opened by the parent or guardian instead. Couples planning to get married can benefit from the advantages separately by opening an account. It is possible to open an account in TL with a maturity of at least 3 years. Those who wish to obtain detailed information about the interest accruals applied for Good Lender dowry loans may apply

Honest Dowry Loan

Those who plan to make savings for their needs today and want to increase their savings with the contribution of up to 20 percent of the state when the marriage date comes, can apply for Honest dowry loan product. Citizens of the country from the domestic branches of the Bank and citizens holding blue cards can open an account in TL.

Individuals under the age range of 18-24 can apply through their parent / legal guardian. Applicants can make regular payments according to their monthly or quarterly payment plan. In addition, people have the right not to pay once in one year if the payment plan is 3 months and 3 times if the payment plan is monthly.

Good Finance Bank Dowry Loan

Good Finance Bank’s dowry loan account created specifically for those who do not want to be caught unprepared for dowry preparations alleviates the marital burden of users. In addition, the bank’s product for this product not only from demand accounts, credit cards can be ordered regularly payment.

Only people cannot open a joint account and cannot open an account in a non-TL currency. When opening a dowry account, you can evaluate monthly or quarterly maturity options. Please note that you will not be able to change the payment period you have selected later.

Are you thinking about starting a job? However, starting your business involves considerable expenses. Renting space for a company, office equipment or buying a company car – this type of investment can be too heavy a burden in the first months of operation. Therefore, it is worth considering leasing, which will definitely facilitate the start.

Register the company and use the lease

Leasing is a convenient form of investment financing for companies. It may relate to the purchase of vehicles and other fixed assets necessary for conducting own business. For example, if you plan to launch a transport company, you can lease a van. What is worth emphasizing, to sign a leasing contract you do not need to have many months of experience in running a business. Shortly after registering your company, you can apply. The lessee must provide the lessor only with the company ID and NIP.

Lease agreement – some basic information

Importantly, an entrepreneur taking a leasing car does not become its owner. The vehicle belongs to the lessor, who lends it to him for the duration of the contract. At the beginning, the entrepreneur must pay a one-off fee, the amount of which depends on the value of the vehicle used. Then, for the duration of the contract, usually five years, it bears monthly leasing installments. When the contract ends, the lessee has the right to buy a car for a small amount or can leave it to the lessor.

Are you thinking about leasing? Get help from professionals!

If you are wondering if leasing is the best solution for your company, get help from a financial advisor. SEF provides such services. It is a financial center that offers a wide range of services. The full offer of the company can be found on the website sef. There is also a convenient, free tool that quickly estimates approximate financial expenses related to leasing. This tool is a leasing calculator. You only need to specify which fixed asset leasing is to apply to, provide its net and gross values. The next step is to declare the amount of own contribution, the loan period and the amount of monthly installments, as well as determining for what percentage the value of the vehicle you will possibly want to buy after the end of the leasing contract. After selecting all these options, the calculator will calculate the leasing installments.

Credit Card is a widely used bank product in our country. If credit cards are not used correctly, it can cause serious economic problems. One of the effects that make card users difficult is to pay the minimum amount of card debt and make it a habit and repeat it continuously. So what’s the minimum payment amount on this credit card? What happens if we pay the minimum amount? What are the drawbacks?

What is the Credit Card Minimum Payment Amount?

The Minimum Payment Amount is the amount that shows the lowest amount you need to pay to your card when it comes. You have the option to pay on the minimum amount instead of paying the full amount of your card debt, but it will be transferred to the other month by adding interest on the other amount you have not paid. It is also possible to apply shopping interest for each shopping you make after paying the minimum amount. If you make a habit of paying the minimum amount, this situation will become inextricable, and even if you do not realize, your card debt will increase day by day and grow like avalanche. This is with the general definition of the minimum payment amount on your credit card.

What is the Minimum Payment Amount?

Credit Card Minimum Payment Amount is an amount that varies according to the limit of your card. The higher your limit, the higher the amount. However, when calculating and determining the amount you will pay, an account is issued by taking into account the total debt of your card that month.

• Limits up to TL 15,000 30%
• Limits between 15.000 TL and 20.000 TL 35%
• Over 20.000 TL limits 40%

will be calculated as. This account is based on total debt.

For example, if you make a purchase of 1,000 TL on your credit card with a limit of TL 1,000 , the minimum payment amount will be 300 TL on the due date. If you spend 500 TL on a credit card with a limit of 1,000 TL , the minimum payment amount will be 150 TL.

What happens if we do not pay the minimum amount?

If you do not pay the minimum amount of 150 TL or 300 TL, as shown in the sample payment plan , your card debt will be delayed and your registry will be affected negatively. Even if you don’t have the power to pay your card debt, you should pay the minimum amount . If you do not pay your debt for 90 days, including the minimum amount, legal proceedings will be initiated against you. Before this happens, you can check the options for configuring the card debt .

What are the Losses of the Minimum Amount Payment?

When you pay the minimum amount, you are constantly paying interest. The interest determined by the RoseBank is applied to your debts that are lagging behind. At the same time, when you make the minimum payment, the shopping interest is applied to the other purchases. Although it does not appear to be a problem in terms of your record, your card debt will exponentially come from behind and may pose a risk in future periods.