OREANDA-NEWS. July 09, 2010. OJSC Nordea Bank has reached an agreement with Megapolis Property Management RODEX Group, as part of which it has become possible for people to buy land plots and country cottages in the Company’s gated community AquaVilla, using a mortgage loan with the Bank against an owned realty as collateral, reported the press-centre of Nordea Bank.

The realty as collateral may be in form of an owned, including by a third party, apartment, residential (garden) house, land plot, commercial premises located in Moscow region or in any other region where the Bank is present. The maximal loan amount is at most 85% of the mortgaged apartment’s market value; at most 70% of the residential (garden) house’s market value with a land plot or that of the commercial premises; at most 50% of the mortgaged land plot’s market value. The maximal maturity of a loan is 30 years.

Besides the long maturity, this program is set apart from others by its low interest rates: from 7% per annum in a foreign currency and from 9.5% per annum in rubles and by affording a customer the opportunity of choosing between differential (amortizing) and annuity (in equal installments) types of repayment under a loan, no restriction as to the number of owners mortgaging a property to the Bank (except for under-age children) and the number of those registered there, as well as free loan application consideration. A borrower’s income may be documented both in form of the official tax statement and otherwise.

Deputy Chairman of the OJSC Nordea Bank’s Management Board, Andrei Maltsev assures that: "Implementation of this program enables people to use the Bank’s loan for buying a property which combines the comfort of living in a city with the proximity to nature, being located on the bank of a lake, thus undoubtedly attracting customers who value comfortable living next to water".

"We are convinced that, thanks to cooperation between our companies and easy terms of lending, acquisition of a country property in the gated cottage community AquaVilla will be affordable for a greater number of people", - remarks Managing Director of LLC Megapolis Property Management for Moscow Aleksey Kolyadin.