investor relations
- 2010-04-02
Get a cheaper credit from the developer
Clients who decide to obtain a mortgage through the developer may save a several thousands of Polish zlotys. The difference is often due to lower margin and commision. An additional benefit is shortened waiting time for a bank's decision that is connected with
simplified procedures. The examle of such special offers is a mortgage dedicated to the clients of J.W. Construction Holding S.A.
„Thanks to good relations with financial institutions that have been worked out over years, developers can offer their clients more favorable terms of conducted agreements than those from a standard offer.As a result of signed contact, for example with PKO BP bank, our clients do not have to pay any commission for giving credit. They may count on significantly lower margins, even from 1,6% or a beneficial period of crediting period.” – comments Małgorzata Szwarc-Sroka, the Director of the Economic Division of J.W. Construction Holding S.A.
The Company J.W. Construction in cooperation with banks prepared a special mortgage offers. A client who decides to purchase, for example, a 50- square meter flat in Górczewska Park housing estate at a price of approximately PLN 360,000 zł. in a credit for 30 years, will save up toPLN 7,000. zł. due to 0% of commission.
Another advantage of obtaining a mortgage through a simplified procedure offered by the developer is a simplified procedure resulting in significant shortening waiting time for a bank's decision.
„Our credit counselor provides free assistance for our clients in completing all formalities connected with filling in the application and gathering all necessary documents. Also, thanks to long-term cooperation between our credit consultant and the bank, waiting timefor a decision on giving credit is much shorter. If the clienthas the creditworthiness, the entire procedure can be closed even in three weeks.” – adds Małgorzata Szwarc – Sroka.
The banks give the clients mortgages on preferential terms more willingly, when the clients decide to buy a flat from investments credited by the bank. This involves knowledge of the financial institution on the project, under which the purchase property will be a collateral for a loan.