Usually banks give out to 75 % from a real estate project cost. Sometimes it is possible to agree and for a great sum, up to 100 % if for bank on the account is available security – money of the client. In this case the bank reserves the right in case of a default of the client independently to take the sum of payment from the account of the borrower.
Crediting term depends on age of the client and can make till 20 years. Thus the majority of banks insists, that the credit has been returned before pension age of the borrower (that is 65 years). Thus, if to the client of an order of 60 years, credit term hardly is more than 5-10 years.
There is a variant "five years rolling", that is the credit for a period of 5 years with the prolongation right. Mortgage contracts also usually provide the right of preschedule repayment of the credit with payment of penal sanctions.
The interest rate on mortgage loans usually on 1.5 - 2.5 % above base rate of Bank of England (now it makes 5.75 % annual).
There are two types of credits: with the flexible or fixed credit rate (flexible and fixed). The first is adhered to base rate, fixed – isn't present. And the fixed rate affirms for the term of no more than five years.
The credit currency practically isn't limited: it can be received in pounds sterling, in euro or in US dollars.
Almost any treaty provisions of a mortgage can be reconsidered in two-three years if the borrower honesty executes the obligations and shows financial discipline.
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