The BBK innovates with a shared mortgage
02.11.2006
The BBK was the entity first in offering mortgage loans to 50 years, now it is the first one in throwing the shared mortgage. This product is directed to persons who cannot face to a mortgage alone and who, without need to have narrow ties between themselves - agree to buy a housing. The savings bank thinks that it is an attractive proposal for immigrant, separated or divorced and young professionals who, because of work principally, move out of his place of habitual residence for long stays. He supposes, to his judgment, a good alternative to the payment of a monthly rent.
Since no type of relation is needed between the holders of the mortgage, the new offer contemplates different formulae to face to the possible disagreements that arise between those who share it. This way - for example, the co-owners establish agreements between to regulate the sale right with options of preferable buy.
The shared mortgage offers a maximum term of amortization of up to 40 years, whenever the sum of the age of the minor of the owners and the established term does not overcome do not overcome 80 years.
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