The Savings Bank of Russia has expanded the range of services for its clients. Now buyers of apartments who register real estate in a mortgage at Sberbank can arrange housing, securing themselves with legal expertise from the bank's specialists. What is legal expertise and is it worth spending your money on this additional service when buying an apartment?
DomClick is a website and mobile application developed by Sberbank specialists. In fact, this is a subsidiary service of the largest player in the Russian financial market. According to Sberbank, the service allows you to get mortgage lending at a slightly reduced rate "in one click", without physically contacting the bank's branch.
The main feature of the system is that the legal interests of all participants, both the borrower and the seller, are respected when executing a sale and purchase transaction. What is the advantage of the financial institution itself - it consists in minimizing its own costs, which are mandatory when applying for a loan. The essence of the DomClick system: the borrower selects a realtor, evaluates the opinions of other people left about him (customer reviews), informs about the choice in two clicks. The client can use a number of additional services. Sberbank provides an opportunity to apply for a mortgage online. To do this, it is enough to register on the website and log in to the client's personal account.
According to statistics from the press service of the Savings Bank, the service is becoming more and more popular. How many people have it already come in handy? In a short period of operation of the service, a mortgage was issued for over 5% to Sberbank users.
Full list of functions of the new Sberbank service:
- Loans for a long-term period secured by real estate
- Sending an application to Rosreestr for the purpose of registering a real estate transaction
- Request for expert appraisal of the object
- Request for legal due diligence
- Selecting an apartment from the database of the service of objects for sale
- Safe settlement. You pay for the apartment through a special account of Sberbank, which becomes available to the seller after registering the transaction with Rosreestr.
Legal due diligence is one of the additional services offered to clients of Sberbank when registering real estate.
In essence, this is the same as a legal real estate appraisal. In this case, not the residential property itself and its actual condition will be assessed, but real estate documents and legal records about the property in various authorities. That is, the legal examination will allow you to find out: whether the apartment was legally bought before you, in what position and condition the seller is, whether there are heirs and what rights they have, whether bankruptcy proceedings are open to the seller, whether there is any encumbrance with parent capital and whether it is registered in someone else in this apartment.
On average, an apartment is appraised within 3 days. As a result, you will receive a written opinion that has the same legal force as any other expert opinion.
The cost of legal expertise from Sberbank is about 20 thousand rubles.
What is included by Sberbank in the examination service?
- Collection of complete information for the analysis of all documents for an apartment or house.
- Reference with the history and information of all re-registration of ownership of real estate since 1998.
- Seller's legal reputation: debts, litigation, taxes, loans.
- Legal advice from experts.
Thus, as part of the ordered service, you will protect yourself from the risk of buying an apartment:
- With encumbrance
- For unauthorized persons
- Issued with non-observance of the rights of minors
- Liable to confiscation due to bankruptcy of the holder
- Cultural heritage site
- Demolition, both planned and unplanned
- Participating in legal proceedings or falling under enforcement proceedings
- Liable to confiscation as tax arrears
- Recognized as an emergency building
- Eligible for exemption for the needs of state or municipal
- With other risk factors
As a conclusion, you will receive an electronic document with the result of the check, certified by the signatures and seals of lawyers. On the official website of the Sberbank service, an online window is available to check the authenticity of a document by its number.
To conduct or not to conduct legal due diligence?
Legal security is definitely important for a property buyer as he is risking his finances. Legal expertise will allow the seller of an apartment to gain another argument in favor of his proposal in the person of a potential buyer. The examination is purely voluntary. But if the document is on hand - this is an additional guarantee of the "purity" of the transaction.
