The answer in two paragraphs
Why a property may be declined
Even with sufficient income, the bank may reject a property because of the building material or age, unauthorized alterations, location, or low marketability.
What to check before paying a deposit
Confirm that the bank lends against buildings of this age and material. Compare the technical passport with the actual layout.
- Ownership and encumbrances.
- Layout compliance with the technical passport.
- Building age, material, and location.
- Market valuation and sufficient own funds.
How to reduce wasted time
Assess affordability and budget first, then choose a property that meets the selected banks' requirements.
Before paying a non-refundable deposit, document what happens if the bank or property is declined.
Common questions
What else you should know
What down payment is required?
Many standard products start around 20%, but the exact amount depends on the bank, program, and collateral.
Can I buy an apartment with alterations?
Unauthorized or undocumented alterations are a common reason for a property to be declined.
Should I find an apartment or seek approval first?
It is more practical to estimate your budget and affordability first, then search within bank property rules.