Stage Payment Funding In Poland
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Stage Payment Funding In Poland
If you wish to construct your own property in Poland and stage payments are required, you must have purchased the land from your own personal funds, and it must be registered in your name, so the lender can obtain a legal charge of this land, and so enable then to secure funds against it. If the land is not registered in your name, the lender will not release any funds until the building is fully constructed and registered.
If it is not possible for the land to be registered in your name, the Builder/Developer must provide the Lender with a 'Certificate of Final Construction', this enables the lender to take charge and release the required funds.
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