Start before making a binding offer
Ask lenders or a properly authorised intermediary for an early assessment of income, debts, deposit and intended property. An initial indication is not final approval, so avoid committing to a purchase on the assumption that funding is guaranteed.
Compare the whole offer
Review the interest basis, annual percentage rate, fees, term, monthly payment, early-repayment conditions, required account and linked products. Test whether payments remain affordable if income, exchange rates or variable interest rates change.
- Compare the FEIN and other pre-contract information from more than one suitable lender.
- Check the payment both with and without optional product discounts.
- Understand whether the rate is fixed, variable or mixed.
- Include valuation, insurance and account costs in the comparison.
Prepare evidence for underwriting
The lender assesses repayment capacity as well as the property offered as security. Expect requests for identity, address, income, tax, bank, debt and source-of-funds documents. Requirements can differ for employed, self-employed, retired and non-resident applicants.
The valuation does not replace due diligence
A lender valuation supports the bank’s security decision. It is not the same as a structural survey and does not replace the buyer’s independent legal checks. Commission additional technical advice when the property or planned works justify it.
Coordinate finance with the contract
The purchase contract should allow a realistic period for valuation, approval, mandatory information and the notarial mortgage process. Ask your lawyer to explain any finance condition and the consequences if the loan is delayed or refused.