About Latvijas Hipotēka Ltd.
Mortgage Bank of Latvia is an experienced crediting brand owned by LATVIJAS HIPOTĒKA Ltd. (reg. No. 40103162565). This company was founded on April 8, 2008, but its original name was “Bankas.lv”. On January 29, 2010, the name of the company changed to SIA “AIZDEVUMU FONDS”, but since July 9, 2013 it has been operating under the current name. Company “LATVIJAS HIPOTĒKA” Ltd. operates in the real estate and financial fields. That is why its main specificity is mortgage loans and mortgages on real estate. This company offers innovative solutions for receiving mortgage loans to make this service more accessible to all residents of Latvia. SIA LATVIJAS HIPOTĒKA has, during its long period of operation, gained a lot of customer support and the company’s financial indicators reflect it. The company’s paid-in share capital is 426,900 euros and both the company’s net turnover and net profit have grown steadily in recent years. Currently, this company ranks 7 out of 205 in net turnover among all companies registered in Latvia. Latvian Mortgage is not a member of the Latvian Association of Alternative Financial Services . Before borrowing, we encourage you to read reviews and complaints about all creditors.
The company’s office is located in Riga, Brīvības gatve 226 – 9. All transactions are handled in person. The company’s official website is www.latvijashipoteka.lv . You can find very extensive information about the services provided by the company in the real estate and lending sectors. If you have any specific questions, you can contact the company’s representatives by calling +371 80009991 or +371 67565050 or by writing to [email protected] . The company works every working day from 09:00 to 18:00.
The Latvian Mortgage offers both lending services and various other services related to real estate. Apart from lending, this company offers assistance in the sale, purchase or exchange of real estate, as well as advice on auctioning and alienation of property. The lending services offered by the Latvian Mortgage are as follows:
- A mortgage loan for unscheduled expenses is a loan intended to purchase a specific purchase or other planned expenses. Amounts and interest rates are offered individually, assessing the situation of each client. The term of the loan is up to 10 years and the collateral of the real estate serves as collateral.
- A home loan is a loan designed to repair your home or serious construction work. Amounts and interest rates are offered individually, but the amount of credit may not exceed 75% of the value of the property used as collateral. The loan term is up to 10 years.
- A loan for the purchase of property is a loan to buy a house, apartment or other real estate. Amounts and interest rates are offered individually. The maturity of the loan is up to 10 years and the collateral of the real estate already owned by the client serves as a credit guarantee.
- Credit Merging is a lending service that allows you to combine several previously taken credits into one, thus reducing monthly payments and amounts spent on extending credits. Amounts and interest rates are offered individually, but the amount of credit may not exceed 75% of the value of the property used as collateral. The loan term is up to 10 years.
Conditions for receiving a loan
To obtain a loan of any kind from the Latvian Mortgage borrower must be a resident of Latvia who has reached at least 21 years of age. Since all lending services require collateral for real estate collateral, the amount of income and credit history are not an obstacle to obtaining credit, but it should be noted that if the borrower has a low income or a damaged credit history, interest rates will be much higher. When drawing up a loan, various documents are required that prove both solvency and ownership and other aspects.
One of the core activities of the company is the purchase of property. The types of transactions are very diverse and each client is offered the most appropriate solution when assessing his solvency.