Why do you need real estate insurance?
The bank insists on real estate insurance when issuing a mortgage, despite the fact that the borrower himself is interested in this. Although many citizens would prefer not to purchase an insurance policy in order to save money. However, financial institutions leave them no choice by making this procedure mandatory. Thus, they try to minimize their financial risks.
In addition to mortgage real estate, borrowers are offered to insure their life and health. But this is on a voluntary basis. Bank clients can refuse this procedure, but the financial institution, in turn, reserves the right to increase the mortgage interest rate.
List of documents for apartment mortgage insurance
Of all existing types of real estate, mortgages are most often issued for an apartment. To insure it, you will need to present the following list of documents:
- questionnaire - filled out by the borrower;
- photocopies of passport pages with data;
- medical certificate about the client’s health status;
- photocopies of passport pages of co-borrowers (if any).
When applying for a military mortgage, you will additionally need to provide copies of your military ID.
You will also need documents for the apartment, namely:
- purchase and sale agreement (inheritance, deed of gift or other official documents establishing ownership of real estate);
- extract from the Unified State Register;
- registration certificate;
- technical passport of the apartment;
- photocopies of the plan of each floor of the house;
- personal account through which utilities are paid (debts must be repaid);
- photocopy of the house register;
- a document containing the results of an apartment assessment by independent experts.
At the time of drawing up an agreement on mortgage real estate insurance, the borrower must be at least 20 and not more than 65 years old. This age range is included in the lender's requirements. Disabled people of groups 1 and 2 can receive a refusal from the bank.
Even if all the papers are available, the insurance company may refuse the client if the subject of the mortgage does not meet the stated conditions:
- the house where the apartment is located is being prepared for demolition;
- housing wear and tear is above 70%;
- the presence of litigation in the past regarding residential premises and other reasons that coincide with the requirements of banks.
Banks carefully check each document from the proposed list. Therefore, if the financial institution has approved the mortgage, then, as a rule, there are no problems with the insurance company.
Why do you need certificates and documents from the BTI?
Certificates from the BTI may be needed for registration of redevelopment and real estate transactions: privatization, registration of ownership, sale or purchase of real estate and land. Also, to improve living conditions at the expense of the state. A person or organization may request a specific form of certificate depending on the type of transaction.
In life, the necessary papers are usually called certificates, but in reality we are talking about certificates, documents and even conclusions.
For an apartment:
They may be needed to privatize, sell or donate an apartment and remodel it.
Ch. 4 residential complex of the Russian Federation
When selling an apartment, they usually require a technical passport. According to the law, it is not needed, but the buyer or bank can request it in order to compare the apartment with the plan from the technical passport and understand whether redevelopment has been done in it or not.
When redeveloping, you will need an explication and a floor plan. They are needed to develop a redevelopment project and to approve changes to the apartment with the administration.
On house:
Needed for registering the house with the cadastral register and for registering the property. You will need a technical passport and a boundary plan.
Art. 21 of Law No. 218-FZ
For land:
It will be necessary to register ownership of the plot and begin construction of a house on it.
To start construction:
You will need a notice of construction: you can issue it at the BTI. When construction is completed, you will need to submit a notice of completion of construction and attach a technical plan to it. It is compiled by cadastral engineers.
Art. 51.1 Civil Code of the Russian Federation
To privatize an apartment, you will need a technical passport if Rosreestr does not have information about the premises or there have been unauthorized redevelopments.
To register ownership
No certificates from the BTI are needed for the apartment. But if you are buying a resale property, it would be a good idea to ask the owner for a technical passport - make sure that there are no illegal alterations in the apartment.
A complete list of documents for registering rights to real estate is on the Rosreestr website. It varies depending on the type of property and the terms of the transaction.
For real estate sales
It is not necessary to provide certificates from the BTI - the law does not require this. But the bank may request them if the buyer purchases an apartment with a mortgage.
For a mortgage.
Some banks request a technical passport when approving a mortgage to make sure that there are no illegal alterations in the apartment. Not all banks will give a loan for an apartment with illegal redevelopment
Where can I get documents?
You can obtain a registration certificate in Form No. 9 on the State Services website or at the passport office by contacting them in person. There is no state duty for this type of service. The certificate does not have an unlimited validity period, so it can be obtained in advance.
The technical passport for the apartment is issued by the BTI. It must be in the hands of the property owner. If it is missing, you should contact the BTI, having previously paid the state fee.
The appraisal of the apartment with the participation of independent experts is carried out at the expense of the borrower. He chooses the company on his own, but you can always ask the bank for a list of organizations that are trustworthy. Choosing a specialist from the proposed list will help speed up the assessment procedure, because the financial institution will not have to waste time checking an unfamiliar company.
You can obtain an extract from the Unified State Register on the Rosreestr website.
Technical passport for the apartment
A technical passport for an apartment is the main document required for any real estate transaction. Out of ignorance, owners often confuse two passports: technical and cadastral. These are two fundamentally different documents, the main one being technical. A cadastral passport is an extract from the technical passport, and with a very limited set of characteristics of the Object.
The technical data sheet consists of four main parts:
- entrance floor plan;
- a schematic representation of the plan of the apartment itself;
- description of the object and its technical characteristics;
- detailed recording of all area parameters, including general ones;
- indication of the location address.
Technical passport for a new building
The first registration certificate is usually issued when purchasing a new building. Its registration is carried out by the owner after he receives the keys.
Important: if redevelopment is planned or the apartment was purchased with an open plan, then the redevelopment is carried out first and then the apartment can be registered.
Some developers make life easier for shareholders and register the house and apartments themselves. In this case, along with the agreement, the shareholder receives both a cadastral passport and a technical one. This is usually specified in a share participation agreement and is carried out for an additional fee. This is a very significant advantage, since processing passports takes a lot of time. But if only the house is registered, then you need to obtain a passport for the apartment yourself.
You can order a technical passport for an apartment from us - in the legal entity. How much it costs, what terms and guarantees we provide - you can find out everything by clicking on the link.
Find out everything about the technical passport for your home - what it’s for, what documents are needed to order, etc. - here.
And all the necessary information about the extract from the technical passport can be found by reading a short note - https://yskorim.ru/poleznoe/vypiska-iz-tehnicheskogo-pasporta.html
In cases where the owner has to carry out such a procedure independently, it is necessary to submit an application to the local BTI. The following are attached to the application:
- originals and copies of personal documents of owners;
- documents on ownership (construction passport or city architecture permit for independent construction);
- receipt (payment of duty 1,000 rubles).
After reviewing the application, the BTI will arrange for a technician to visit the specified address. Its main task is not even to create a description of the apartment. He must record the parameters of the apartment, mark the supporting structures and compare them with the original plan. If at this moment the apartment was remodeled, then it is necessary to present documents and permission for such work.
If you independently and without approval moved a partition, removed a wall, or moved openings, the technician will mark the refurbishment as self-construction. The latter will have to be removed in court, so you need to think about it before the inspection comes.
Registration certificate for an apartment - deadlines, package of documents
In general, a technical passport does not have a specific period; the law does not limit the time frame. But this is formal, but in reality the technical passport needs to be changed every 5 years. Moreover, if you have carried out any work or made changes to the original plan, you must order a new technical passport.
Usually, before buying or selling an apartment, you also need a fresh technical passport. The document contains personal data of all owners and technical data of the apartment. On one of the pages, a detailed schematic plan is drawn up, which accurately displays the parameters and footage of the apartment. This diagram reflects everything: door and window openings, storage rooms, if any, load-bearing walls and partitions, balcony/loggia, location of gas equipment.
This is followed by a written description of the property indicating the exact address of the apartment. What ultimately determines the technical passport can be deduced in the form of an algorithm:
- address, personal details of the owner;
- number of storeys of the house itself, floors;
- the year of construction and the period when the house was handed over to the state commission;
- the presence and percentage of wear and tear of the house, if we are not talking about a new building;
- location and availability of communications;
- exact parameters, footage of useful and total areas;
- the presence of utility rooms or other premises, if any;
- marks of load-bearing walls and partitions.
Each owner must have a registration certificate in proper form. We must not forget that according to the new law, any changes must be made to the document in a timely manner. You also need to remember that not every redevelopment can be legitimized. There is a category of houses, for example, architectural monuments, where any refurbishment is prohibited.
Summary documentation package required to obtain your registration certificate:
- personal documents: passport, photocopy and original;
- title documents for your apartment;
- statement;
- payment of state duty.
Usually the review takes 2 weeks, but the process can be expedited in two ways. The first is to pay for the acceleration service yourself, which will not eliminate queues, and the second is to contact a real estate company. Lawyers of such companies work very closely with the BTI; as part of their work, they have to establish professional contacts. Therefore, deal makers know well which doors to knock on in order to process everything faster and not break the law.
All the most necessary information about the procedure for obtaining a technical passport for non-residential premises is described on our website.
A sample technical passport for non-residential premises can be viewed here.
Where to submit documents?
All details related to insurance can be obtained from the bank when applying for a mortgage. You can choose an insurance company yourself; the financial institution does not impose anyone in particular on borrowers.
It is worth carefully reading the terms and conditions of several insurance companies.
Having chosen a suitable organization and discussed the insurance conditions with its specialists, you can present a list of documents for consideration. After their analysis and approval, a contract is drawn up. The borrower should read it carefully before signing. You will also have to write an application and pay for the company’s services.
The contract will be issued in three copies: for the bank, the client and the insurance company itself.
How much does mortgage insurance cost?
It should be noted right away that the insurance policy will not be cheap. But it will ensure the safety of the mortgaged property from various types of damage. Insured events are specified in detail in the contract.
It is difficult to say how much it will cost to insure an apartment pledged to the bank as collateral. There is no fixed price. The cost of insurance depends on the result of the property appraisal. In addition, insurance payments are calculated not on the total amount, but on the remaining amount of the mortgage. Thus, as the debt is paid off, it will gradually decrease.
The amount of the insurance premium also depends on the mortgage program, currency, interest rate and mortgage maturity.
Documents for standard programs
For a regular mortgage, without any special programs, the same passport
,
SNILS
and two more documents from work -
a copy of the employment document
, certified by the employer, and
a 2-NDFL certificate
with information about your income for the last six months.
This is what 2-NFDL should look like
Certificate 2-NDFL can be replaced with a certificate of income in the form of a bank
. This is done when the employer cannot prepare 2-NDFL. For example, if your official income is less than the amount that is actually paid out.
You also receive a certificate of income at work - take the required template from the bank manager and give it to the accounting department. There, the document will be printed on company letterhead and the fields will be filled out - information about the employee, contact and office address, monthly income.
There is no template for the income certificate; it must be filled out according to the bank’s form.
If your salary is “white”, but there is a problem with the 2-NDFL certificate, you can try replacing it with an extract from your salary card
. For example, this is relevant when the company is large, the head office with accounting is in the capital, and you work remotely in another region - it may take more than a month until they get the certificate, arrange the shipment and wait for the courier. And this is a risk of missing out on the apartment you need.
The rate in such programs is more profitable than in a mortgage based on two documents. The down payment is smaller - you need to pay 5-20% of the cost of the apartment.
Underwater rocks
Having an insurance policy for an apartment does not provide the borrower with complete security. In the end, a situation may arise that is not specified in the contract as an insured event. Also, the company will not compensate for damage if there is evidence that the property owner intentionally caused damage to his home. However, current legislation does not prohibit citizens from going to court if their guilt is illegal.
Despite the fact that the list of documents for insuring an apartment with a mortgage is quite impressive, collecting it is not difficult. The fact is that at the time of concluding an agreement with the insurance company, most of the papers will already be prepared.
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