Selling an apartment with a loan: what to agree first
Quick answer: First obtain the bank’s sale requirements and a dated settlement calculation. Then coordinate payments and handover with the buyer and notary.
Start with the lender’s response
Before promising a final timetable, ask the lender what information and preparation the sale requires. The balance on a statement may not describe every payment due on a particular date. Request written clarification of the repayment amount, possible additional costs and the calculation’s validity period. Share the necessary conditions with the notary.
Make a clear payment schedule
List the sale price, payment to the lender, other agreed costs and the seller’s remaining funds separately. Use the same calculation date for every amount. If the price does not cover the planned payments, resolve that issue before signing. Do not treat an informal estimate as the final payment instruction.
Clarify how the mortgage is handled
Loan repayment and the treatment of the registered mortgage should be discussed separately with the bank and notary. Ask who provides the necessary consents and documents and when each action takes place. Do not assume that every register entry changes automatically as soon as money is transferred.
Coordinate the sale with your next home
If the proceeds fund your next home, check when they become available against the next payment deadline. Allow time to clarify documents and agree the handover date separately. A direct offer can help plan one specific sale, but it does not replace the lender’s conditions or guarantee finance for your next purchase.
Ask the bank for a dated settlement calculation
Do not base the final settlement on your monthly instalment or the balance shown in online banking. Request the amount the bank requires for the sale, its validity date and any additional charges. Recheck the calculation if the appointment moves. Give the notary the information early enough for payment arrangements to be included in the draft. If one security supports several obligations, tell the bank immediately: one loan balance may not explain all the requirements.
Check when the remaining money is available
When planning the deposit for your next home, use the expected receipt of funds rather than just the contract date. List every payment deducted at completion separately from later expenses. If the sale price will not cover the obligations, discuss a solution with the bank before promising final terms to the buyer. A purchase offer does not replace lender approval. Also establish who will follow up the agreed register changes and settlement steps after signing.
Official information
This guide helps you prepare. Confirm the terms and required documents for your particular transaction with the notary.