Exchange rates - 2010-07-23
| Buy | Sell | |
| USD | 2,9999 | 3,3491 |
| EUR | 3,8072 | 4,2125 |
| CHF | 2,8463 | 3,2421 |
- What are the charges connected with the acquisition of the real estate?
- How much is the drawing up of a notarised act while purchasing the real estate?
- How much are the civil-legal acts?
- How much are the judicial charges?
- When and where are the currency exchange rates published?
- What is the interest rate risk?
- What is the actual percentage rate?
- What is the total loan cost?
- What is the exchange risk?
- What is the security for a loan?
What are the charges connected with the acquisition of the real estate?
The cost of acquiring a house or a flat is connected not only with the price of the real estate but also with additional charges that you are obliged to defray.
These are:
- Tax on civil-legal act
- Judicial charges – establishment of the real estate registry and entrance of the Bank’s mortgage
- Notarised charges – drawing up of a notarised act, preliminary sale act or contract of ownership transfer
- Agent’s provision – if purchased through the Real Estate Agency
- Insurance of the real estate – property insurance
- The cost of real estate valuation – employed by the Bank in some cases
- Bank’s provision.
How much is the drawing up of a notarised act while purchasing the real estate?
The amount of maximal notarised charge depends on the value of the real estate and equals:
- When the value is up to 3.000 zl, it is 100 zl
- When the value is between 3.000 and 10.000 zl, it is 100 zl plus 3% of the amount above 3.000 zl
- When the value is between 10.000 and 30.000 zl, it is 310 zl plus 2% of the amount above 10.000 zl
- When the value is between 30.000 and 60.000 zl, it is 710 zl plus 1% of the amount above 30.000 zl
- When the value is between 60.000 and 1.000.000 zl it is 1.010 zl plus 0,5% of the value above 60.000 zl
- When above 1.000.000 zl, it is 5.710 zl plus 0,25% of the value above 1.000.000 zl
When housing association flat or flat/ house of Military Housing Agency is being sold the notarised charge is half as low.
How much are the civil-legal acts?
2% in case of a flat, property cooperative right to the premises, house.
How much are the judicial charges?
Charge for establishing the real estate registry is fixed and amounts to 60 zl.
Charge for the entry into the real estate registry of the owner of the real estate or a person who is entitled to the property cooperative right to the premises or a house in housing cooperative equals 200 zl
When and where are the currency exchange rates published?
Currency exchange rates binding on the next day are set daily and quoted between 4 and 5 pm. The current and past exchange rates are always available on our information line number 0 801 30 50 90 and on Internet sites. For the last two workdays of each month and the first workday of the consecutive month, the same currency exchange rates are binding, in order to minimize the risk of the occurrence of a difference between the exchange rates when repaying loan installments.
What is the interest rate risk?
Depending on the loan currency, interest rates may fluctuate up or down. Their variability fluctuates at different paces (e.g. stable markets are less prone to fluctuation). The rates can change in different directions also – some of these may increase, whereas others may decrease.
The interest rate risk is typical of a variable interest rate. The indicator which reflects the variability of the situation in the domestic and foreign markets, is called the Market Referential Rate.
What is the actual percentage rate?
The actual annual percentage rate (APR) is the total loan cost in percentage terms, including all costs of providing a loan; such as charges, commissions and expenses of loan risk security (among other things, costs of mortgage registration and loan insurance).
What is the total loan cost?
The total loan cost is the combined amount of all interest, commissions and other expenses, which burden a borrower who is taking up a mortgage loan.
What is the exchange risk?
The (currency) exchange risk occurs in the event of loans denominated to foreign currencies and is borne by a borrower as a result of disadvantageous changes in currency exchange rates. A change in currency exchange rates may result in a decrease in the amount due or an increase in loan liabilities, expressed in the domestic currency.
What is the security for a loan?
The security for a loan can be divided into three types:
- Target security, i.e. mortgage on property and property insurance against fire and other random incidents, with the assignment of rights thereunder to the Bank
- Provisional remedy
- Additional security, which may include: property insurance against loss of value, insurance against high LTV
