The mortgage loan has firmly entered our lives. You can take not only a room, an apartment or a country house in a mortgage, but also land plots in the Leningrad region. What are the features of such lending, and how it differs from the housing mortgage?
Due to the fact that land plots cannot be physically eliminated (unless a global natural or technogenic cataclysm occurs) and, as a rule, is not susceptible to wear, the price of them not only does not fall, but constantly increases. It is this that largely determines the features of the land mortgage.
First of all, it must be remembered that the mortgage loan does not apply to all land plots. You can not arrange a mortgage if the site is in state or municipal property or removed from the turnover for some reason. Also, mortgage lending does not apply to shared ownership, since in this case the rights are not transferred in full.
If there is a house or another construction site on the site, then the loan agreement reflects the indivisibility of the building and the site. This can be said to be a real estate loan.
If the site purchased on credit is planned to be leased, then it is necessary to coordinate various lease conditions and parameters at the legislative level, which will allow the plot on legally.
And finally, often the possibility of decorating a mortgage depends on the size of the land plot. In each region of the Russian Federation, the minimum area of the site is established, on which you can get a mortgage loan. At the federal level, this practice is not yet enshrined in law, but there are strict rules and requirements for the possible parameters of the object.
