Guide to accessing mortgage credit

We are with you, we can help you with ideas on how you can reduce expenses and how you can save time for unforeseen events.

Monthly instalment

It's good to know it as early as possible, of course. To do this, use the rate calculator and get an idea of its value.

Calculate the instalment now

It is good to know that we can offer you up to a maximum of 85% of the investment value, depending on the destination of the purchase, the currency of the loan and the currency in which you receive the income. Also, the amount of the loan is influenced by your income and monthly expenses (here we refer to existing installments, maintenance payments and others of this kind).

Wondering what are the accepted income to take a loan? We have prepared for you on the Ask BT list of income.

Specifically, find out the amount of money we offer you and all the credit details: interest, period, APR (Annual Effective Interest), but also any other useful information about the loan.

At this point you just need to tell us what are your income and payment obligations and those who will participate in the loan with you. We tell you on the spot the amount you can take and then you have 45 days to quietly search for your desired home. In case you're wondering why only 45 days – this is the shelf life of the prescoring.

Equally important, you can choose to come to BT with your salary to get an even better interest rate.

This is the moment when your journey could become really intense. If you have not already found the right home, the steps will take you from one house to another, from one possibility to another, from one idea to another. But that's not a problem.

All we can tell you is to take your time. When you find the right home, you'll feel like you've found it.

And last but not least, be organized – make a list of the most important aspects to take into account when choosing your future home. It will be much easier for you like that. Look, we'll give you some examples:

We know, it's like waiting for a train or a bus to be able to travel further.

If it makes your wait any easier, here's what happens in this phase of analysis:

• We analyse the main financial indicators - the maximum debt ratio, the level of the required down payment. If we need to clarify your income, we may ask you for some specific data (e.g. differences in income from the previous year).
• We obtain the legal opinion valuation report - our lawyers review the property documents and receive the legal opinion on the property. After obtaining the legal opinion, the property is valued. This process takes several days.
• Final approval - we check again the results of the previous steps to make sure everything is in order and we actually approve the loan.

First of all, we were waiting for you to sign the credit agreement, then go to the notary to sign the sale-purchase and mortgage agreements.

The notary will be in charge of drawing up the sale-purchase contract and the mortgage contract, while requesting a new authentication cf.

It is important to know that for the successful completion of the transaction, you still need:

• certificate from the owners' association showing the up-to-date payment of maintenance (in case there are problems here, the administrator of the block can help you);
• certificate from the utility providers (gas, electricity, etc.) showing that there are no delays in paying the bills;
• tax attestation certificate issued by the Tax service of the City Hall in your locality. It shall certify the up-to-date payment of local taxes and fees or other outstanding debts. We recommend that you apply for the certificate at least 3 days in advance.

The signing of the sale-purchase contract is made in the presence of the parties involved (you and the seller), and the mortgage contract is signed between you and the bank.

Are you ready to make your home the most beautiful place on Earth?

There are only a few more details that you need to know – in order to receive the loan, the building must be insured (both PAD – compulsory insurance in the amount of 10 euros, and optional insurance).

You can choose any insurance company that complies with the conditions imposed by the bank, and for optional insurance we wholeheartedly recommend our partner, Groupama Asigurări.

To make it as easy as possible for you, you can take out both insurances with us. You can pay cash or choose to have the money automatically deducted from your ratepayer account.

It's good to know that:

• the PAD policy covers risks caused by natural phenomena such as earthquakes, landslides and floods
• In the case of the optional policy, we cover the material damages arising from events that generate damage to your home, such as: fire, lightning, explosion, damage caused by the fall of bodies outside the building, sonic boom, hitting, striking buildings insured by road vehicles, natural phenomena such as storm, hail, torrential rain, weight of the snow layer, avalanches, rock collapses or rockfalls
• the insured amount is even the assessed value of the insured real estate
• the insured amount, the insurance premium and the indemnity are established in the currency of the loan granted
• Optional insurance can be paid monthly, quarterly, half-yearly or annually.

And more details can always be found here.

All trips end with one last step. And this is the proof of the registration of the mortgage in our favor as well as the rest of the charges. It is made on the basis of a new cf extract and the conclusion of the weathing. This process takes about 2 days.

Based on the new CF, your relationship manager at BT will make the actual payment to the seller and give you the repayment schedule.

Even if it looks like you've finished your trip, there would still be a few steps to take to the tax service to keep track of your home. Also, don't forget to pass the utilities on your name. For all this, you will need the sale-purchase contract, your ID and a standard application.

We wish you a beautiful life in your new home and know that we are still close to you. We also offer support if you need financing for home improvements, we are here for you.