These numbers do not include the buyer's lawyer's fees nor the obligatory insurance policy - a usual requirement for mortgage loans. General notes Important reductions in the cancelation and renegotiation fees were agreed in October 1996 and these are generally taken into account. A bank will always call for an independent valuation of the property and this will often be less than the sale price. A mortgage will usually be registered on the title at the local area Property Register. Details of existing mortgages and other attachments can be obtained from the same source.
Mortgage loans can be either fixed interest or variable interest .
Other types of mortgages are not widely available but recently some banks are offering customised mortgages where the interest might be a fixed rate for a an initial number of years and then become a variable rate. All rates change from time to time for commercial and other reasons. The tables may not remain accurate. Mod is the percentage commission in the case of renegotiation of the loan or its conditions. Some details can be found on the economic pages in our Business Section.