Financing

To select the best way of financing property, you can turn directly to a selected development company. Dom Development has an independent credit advice team that, unlike most intermediaries on the market, is looking solely after your interests when contacting financial institutions. The team showcases the full mortgage offering of Polish banks, as well as tailored property financing schemes offered exclusively at Dom Development.

1

Your current financial situation

Before making the decision to purchase a flat, you should analyze your current and estimated future financial situation, and in particular the regular charges and expenditures for rent or maintenance you are paying now. Consider that renting a flat does not pay in the long run – the costs of rent are comparable to what you would have to spend each month to repay a mortgage taken to purchase your own flat.

When calculating the amount of mortgage installments, take note of our own property financing schemes available at Dom Development. Using these schemes, you can considerably cut monthly expenditures to repay your mortgage, even though the Treasury of State has now ceased to subsidize mortgages it formerly financed.

First meeting with the credit advisory team

Your first meeting with the mortgage advisor is very important for the mortgage granting process. At the meeting, the advisor will examine in detail what mortgage you need and can afford. The advisor will provide an offer best suited to your needs and notify you what documents need to be submitted to the bank to obtain the mortgage. A mortgage advisor from the independent credit advice team at Dom Development can propose you the best mortgage terms from a palette of mortgages in the largest banks, offered exclusively to Dom Development customers, and will also stand in for you during the entire mortgage granting process.

Start your search for a flat by meeting our mortgage advisor, because examining your credit rating and the mortgage installments you can afford will help you decide what type of flat and price range to look for.

3

Filing a mortgage application

Filing a mortgage application occurs directly after signing a reservation statement. When filing a mortgage application you should have on hand all documents listed by the credit advisor during the first meeting. Filing a complete mortgage application is very important, since any missing documents will delay the time required for the bank to approve the mortgage.

Mortgage documentation checking

The mortgage documentation checking stage can last from 5 to 30 days, depending on the bank. The bank will check your credit history, verify your income statements and assess whether you will be capable of timely mortgage repayments. While checking the application, the bank may ask for additional documents or explanations. The stage ends with issuing a mortgage approval.

5

Mortgage approval

The mortgage approval document is the bank's preliminary consent to grant you a mortgage. The document contains information about the amount of granted mortgage, the set repayment period and charged costs (commission, margin, mortgage-related fees etc.)

It can also feature additional conditions which you must meet to obtain the mortgage.

You should read the mortgage approval very carefully. If anything in it appears doubtful or unclear to you, ask your credit advisor who will reply to all your questions.

Signing the mortgage agreement

Signing the mortgage agreement is done at the bank. You should read the agreement terms carefully before adding your signature, because this is the document that will govern your relationship with the bank during the entire mortgage period.

7

Mortgage disbursement

After signing the mortgage agreement you should file a disbursement order with the bank. The mortgage is disbursed on dates stated in the development agreement. The disbursement may occur in one tranche or in installments (depending on your arrangements with the development company).