SEB bank's new mortgage offer
As of March 1, 2015 legislation amendments have entered into force, providing clients with a choice of options – to opt for a classical mortgage to purchase a property, or choose a mortgage with "keys back" option. Therefore, SEB bank has prepared a new mortgage offer to allow our customers wishing to purchase a new home to choose the most appropriate type of loan:
- Classic mortgage: financing for home purchase, renovation or improvement. For best customers with high credit standing SEB will offer financing up to 85% of real estate market value with a repayment term up to 30 years. Your real estate or the property to be purchased will serve as the collateral;
- Mortgage with "keys back" option: SEB will offer financing up to 60% of real estate market value. In case if the customer is no longer able to repay the loan, after sale of the real estate (loan collateral), client will be released from the remaining loan liabilities.
Each application is reviewed on an individual basis. To find out more about SEB bank's mortgage offer and choose the most appropriate type of loan for purchasing your new home, please contact SEB bank's Client Centre (phone +371 26668777, writing message, Skype call: SEB_Latvija), visit one of our branches or our website.
