In order to make an assessment of the suitability of property to be mortgaged, the following requirements must be meet:
- Land Registry Certificate submitted with the issuance date not older than 1 month
- The property in question to be owned either by loan beneficiary or a warrantor
- The property value assessment to be made by an authorized court expert of corresponding profession
The property value assessment must be detailed in regard to:
- Property construction/building year / chattel manufacturing year
- Identification of cadastre plot, Land Registry Entry Certificate and cadastre municipality certificate in which the building/facility was constructed
- Identification of equipment manufacturer
- Depreciation rates of the asset /property in question
- Description of the overall condition, state, usability and a degree of completion of the asset in question
- All other relevant information deemed to be useful for a comprehensive assessment and appraisal of the market value of the property / chattel in question may be submitted