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Polish mortgage providers - overview of offers?


pat2 1 | -
13 Mar 2010 #1
Does anyone know of any resources that provide an overview of banks and other lenders in Poland that offer mortgages for apartments?

We currently have a mortgage with BGZ, but they rip us off left, right and centre! I understand that other mortgage providers are becoming more flexible (e.g. fixed rate).

Any info would be much appreciated!
slawekk - | 18
13 Mar 2010 #2
I think maxmoney.pl might be what you are looking for.
Do tell us your experience if you decide to use them, that would be a very useful information.
danie_lpodpora - | 2
30 Mar 2010 #3
PAT

write me your cuurent situation and I will help you with mortgage. why you decided to BGZ. they are not giving loans now...?
polishmortgages 7 | 36
22 Jun 2010 #4
Thread attached on merging:
mortgage and banks?

halo

In what bank do you get your mortgage now and in what terms and conditions.

The same question is regarding re-mortgage.

thanks
alexw68
22 Jun 2010 #5
Frankly they're all a crock of **** compared to 2-3 years ago.

Commission (marża) has rocketed from a standard 2% (negotiable downwards with the right people) to 4-5% and above, offsetting any gains you might have from the overall drop in bank interest rates.

I recall that during the crunch at least one institution threatened to foreclose on loans THAT WERE BEING PAID CORRECTLY in order, it thought, to eliminate risk.

Sharing the risk with lenders is what we, the borrowers, pay you M*****F*****s for. Please try to understand the rules of the game before playing (and having your knuckles rapped by the financial authorities).

Oh, and now would not be a bad time (in the next 2-3 months) to take out a CHF or Euro denominated loan. Sllly season is over as far as the run on the PLN is concerned (WTF was that 5.04 against Sterling the other week all about?) - the zloty can only strengthen in both the short and medium term.

I'm with WBK - not flashy, but they've done us all right, for what it's worth...
andy b 4 | 156
23 Jun 2010 #6
Frankly they're all a crock of **** compared to 2-3 years ago.

Commission (marża) has rocketed from a standard 2% (negotiable downwards with the right people) to 4-5% and above, offsetting any gains you might have from the overall drop in bank interest rates.

Not true, although there are still many bad offers on the market.

Probably one of the best at present - and available also to non-residents of Poland - is with Bank DnB Nord.

Their promotion for May - not sure if it is still valid - had the following main points:
0% loan commission
0% bank margin in first year - after that 1.7%
0% early loan repayment commission (either part or full) during life of loan.

Oh, and now would not be a bad time (in the next 2-3 months) to take out a CHF or Euro denominated loan. Sllly season is over as far as the run on the PLN is concerned (WTF was that 5.04 against Sterling the other week all about?) - the zloty can only strengthen in both the short and medium term.

I agree with you
alexw68
23 Jun 2010 #7
Thanks Andy, hadn't looked in a few months.

The restoration of common sense, who'd have thunk it? The greenhorn banks here did over-react to the crisis so now the worst is over as far as personal debt goes (we'll keep schtum about that sovereign debt, eh?) it's good to see some newer outfits showing the old molochs the way forward.

Hell, rates like that, might even get back in the market again...
polishmortgages 7 | 36
23 Jun 2010 #8
Halo

I have now the best mortgage for foreigners.

please find details at polishmortgages.eu/1,1,267,Current_mortgage_offers

the conditions to receive it is:
full time employment
min. salary - equivalent of 10 000 PLN

LTV is 90% and this offer is very good for new mortgages and refinance.

any questions please do not hesitate contact me.

regards
Daniel

Andy

the offer which you wrote for DNB Expired a few days ago but there is a new "summer offer". The current offer are on the web site

polishmortgages.eu/1,1,267,Current_mortgage_offers

now this offer is the best one. if somebody is in Noble/dombank should do refinance :)

might be new offers like this on in DNB will recover property market. Now I have a lot of buyers for properties in Warsaw but I think in other towns is the same situation.

regards
Daniel
andy b 4 | 156
23 Jun 2010 #9
It's a very competitive offer, but of course the income requirements are a little higher than other banks.

Yes, definitely clients with uncompetitive offers from banks like Dom/Noble/Metrobank should consider refinancing
polishmortgages 7 | 36
6 Jul 2010 #10
soon there will be another offer available for whose with smaller income :)

Merged: New Poland mortgage offers

halo everyone

There is new offer from DNB:
- 0% bank fee
- 0% for early redemption fee
- 0% for increasing mortgage
- 0% bank margin in first year - then it is 1,6% which is the lowest level

unfortunately it is only for customers with good earning and full time employment.
the customer must earn 10 000 PLN or equivalent.

the mortgage is up to 40 years and 90% LTV.

you can also use this offer for refinance your existing mortgage.

any questions do not hesitate contact us

regards

Merged thread:
This what you could receive from Getin Noble bank and our comments

Mortgage Offer
Purpose of the loan purchase of an apartment/house; both primary (off-plan) and secondary market

Loan period up to 30 years
Currency of loan PLN or EUR
Minimum down-payment 30%
Bank Completion Fee 3,45% for executing the loan agreement
(added to the loan amount, but has no impact on LTV)
Completion time up to 14 work days for the credit decision (provided all the documents required are
submitted)
Loan interest cost (p.a.)
- variable interest rate, PLN: variable bank index based on WIBOR 12M + fixed
margin (according to the Product Offer -> 4,95%) or
- variable interest rate, EUR: variable bank index based on EURIBOR 3M + fixed
margin (according to the Product Offer -> 4,95%) there is also special offer in Euro
(explained below)
Prepayment fee 1st year – 5%
2nd year – 4%
3rd year – 3%
4th year – 2%
5th year – 1%
starting from 6th year - none
Security 1. mortgage on the property in Poland
2. assignment of receivables under insurance against fire and other calamities
3. blank promissory note
4. submission to enforcement according to The Banking Law Act
5. bridging security: the interest is increased by 2% (until a mortgage register
excerpt containing a final and non-revisable entry of first place mortgage is
submitted)
6. deposit (six times installment)
Additional information: - Interest-only period obligatory until the last drawdown is issued + 12 months if
required
- designation of an address for correspondence in Poland is obligatory

Mortgage Offer - “NEW EURO”
Currency of loan EUR
Minimum down-payment 30%
Bank Completion Fee 0%
Home insurance due to legal defects 0,95% for executing the loan agreement
(added to the loan amount, but has no impact on LTV)
Completion time up to 14 work days for the credit decision (provided all the documents required are
submitted)
Loan interest cost (p.a.)
- variable interest rate, EUR: fixed interest rate of 2,99% for two years
- all the excessive parts of installment (1,96% – part of original Banks margin + Euribor + 2,49% ) are added up to
the capital after 2 years, it will not make a big difference to the capital balance but it will secure your cash flow;
* 2,49% is a fee for the possibility of extending the non payment period by 2 years
- loan must be released as a whole
- annex is valid after 90 days after releasing loan
Prepayment fee
1st year – 4,5%
2nd year – 2,25%
starting from 3rd year – none

one thing to clarify because post was move by administrator:

Getin Noble Bank is GNB

DNB Nord is DNB

these are two different banks

Tomorrow I will check one thing regarding NEW EURO offer from GNB and post our comments

regards
PM Team


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