Loan to Value (LTV): 90%
Loan offer for 90% of the value of the property
Loan Term In Months: 360
Time to repay 360 months = 30 years.
Repayment Scheme: Equal
Pay back what you borrow plus interest of course
Instalment Amount after Mortgage Registration: 1852
Instalment Amount Before Mortgage Registration: 2100
Your monthly repayments before and after your property has been registered in the title deeds register, takes bout 6 months to register depending on the municipality.
Base Rate: 3,87%
Intrest Margin: 1,95%
Nominal Intrest rate: 5,82%
Your interest rate is 5.82%, the banks profit of that is the 1.95%.
Interim Bridge Insurance: 1,20%
Interim Intrest rate: 7,02%
Looks like theyve included a company insurance scheme on the loan of which its equal to 1.2% of the loan. Check that with the broker, they usually make quite a bit with these insurance deals. The interest on that seems a tad high.
Intrest rate type: Variable
Although your interest rate is 5.82% at the time this contract has been drawn up it is variable which means it will fluctuate with the base rate, if that increases or decreases so will your monthly repayments.
Loan Origination Fee: 2,00% 6300 PLN
This is the banks commission for setting up the mortgage, so your loan is 315,000 in total? Its quite resonable.
Property Valuation fee: 750 PLN
This is the fee theyre charging for conducting a valuation of your property.
Looks like theyve bumped up the interest rate to cover the extras. Need a bit more information for that one.