First steps to buying your home
Consultation
(the customer and the bank)
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During the consultation, we will analyse your needs and discuss the type of property you are willing to acquire.
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If you did not select any real estate yet, we will help you to identify your needs.
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We will discuss your personal and your family opportunities (income and liabilities) and help you to find a solution for acquisition of your own home.
Documents: identity documents (a personal identity card or a passport), information about the selected real estate (price, total area, region, valuation report of the real estate to be acquired, if any).
Property valuation
(the customer and the property valuation company)
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The property may be assessed only subject to receipt of the owner’s prior consent.
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The real estate seller may have the property valuation report. You need to obtain more information.
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In certain cases, for instance, if you buy a newly-built residential property, the property valuation may not be required. You will need to ask the bank consultant.
Loan application
(the customer and the bank)
If you have selected the residential property, you need to fill out a mortgage loan application. You may do it after login to the Internet Bank of AB SEB bankas or by visiting any unit of the bank.
When you fill out the application, your loan exposure will be assessed and the loan terms will be specified.
The data included in the loan application for the valuation purposes is not always sufficient. Therefore, we may ask you additional questions or require you to provide other documents.
The sooner you provide us with all required documents, the sooner we make our lending decision.
Documents: identity documents (a personal identity card or a passport), loan application, valuation report of the real estate to be acquired.
Note. Your spouse or another person, who is co-borrower, has also to provide us with the required documents and together with you visit the bank and to fill out the loan application.
The bank decision
(the bank)
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After making our lending decision, we will notify you in the agreed method – by phone or by email.
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We will submit a proposal to you including the most important information about the loan: the loan and interest type, loan amount, term, fees and other related expenses.
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After receipt of detailed information, you will be able to compare offers from different bank and select the most favourable solution.
Home loan agreement
(the customer and the bank)
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You may familiarise with the general terms of the loan agreement on our Internet website in advance.
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Prior to signature of the loan agreement drafted for you, it is important to carefully familiarise with its terms.
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If you have any questions regarding the terms of the agreement, you may contact the bank consultant.
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If you intend to buy real estate and / or to obtain a loan with your spouse or another person, you both have to sign the agreement at the bank unit.
Purchase agreement signature at the notary’s office
(the customer, notary public and the property seller)
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At the notary office, you will have to sign the residential property purchase and sale agreement.
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You need to agree in advance with the residential property seller on the percentage of the notary fee for the agreement drafting and certification be paid by each party.
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Prior to the agreement signature, you need to obtain a proof whether it is permitted to pledge the real estate in favour of the bank. Inform the seller that the bank will transfer funds by the date specified in the purchase and sale agreement after the property pledge. The agreement must specify the seller‘s account data (bank name and code, account number).
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The method of payment and the date of payment, the date of the real estate transfer, and the consequences if you fail to timely pay for the acquired real estate, the procedure and cases of the agreement termination will be certified by the notary in the purchase and sale agreement.
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After signature of the purchase and sale agreement, you have to submit an application for registration of the purchased real estate to the notary public. The notary public will register the purchased real estate with the Real Estate Register administered by the State Company Centre of Registers.
The notary fee making 0.45 per cent of the purchase and sale agreement will be paid to the notary public, however it will make at least EUR 28.96 and will not exceed EUR 5,792.40. The notary fee is approved by the Government and does not depend on us.
The latest information is available on the website of the Lithuanian Chamber of Notaries.
You will have to pay the property registration fee. The fee depends on the acquired real estate value and the time period for obtaining a certification of title. The fee rates for registration of title are available on website of the State Company Centre of Registers.
The received certification must be submitted to us.
Documents: identity documents (a personal identity card or a passport), seller’s ownership documents, mortgage loan agreement or a proposal if the loan agreement is not signed.
If you have minor children, you need a court order
(the customer and the court)
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It is mandatory in Lithuania to obtain the court order permitting to pledge your dwelling, if you have minor children and your family has plans to acquire the real estate that will be your only home.
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The order permitting to pledge the dwelling is issued free of charge by the district court that has jurisdiction over your place of residence.
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Documents may be sent to the district court via electronic services portal of the Lithuanian courts www.e.teismas.lt.
Documents, to be submitted to the district court that has jurisdiction over your place of residence:
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Application for a permission to pledge an apartment (a house) addressed to the district court of your residence
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Copies of passports or identity cards of your spouse and you
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Copies of certificates of birth of minor children
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Copy of marriage certificate / if one of parents submits an application, the evidence proving the reasons behind the non-application (a copy of divorce certificate, death certificate)
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Property purchase and sale agreement or other documents proving lawful acquisition of the real estate
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Certificate of registration of an immovable item with the Real Estate Register issued by the State Company Centre of Registers
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Your and your spouse’s salary certificates
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Mortgage loan agreement or a guarantee letter if the agreement is not signed
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Certification issued by the Services of Children's Right Protection (not applicable for residents of Vilnius)
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Other documents important for the decision or the court order
The court adopts the order within 5 business days after the receipt date of all the necessary documents.
Property insurance
(the customer and the bank)
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Insurance will protect your family from any unexpected financial losses caused by fire in your dwelling, burst of water pipes or any other accident.
After receipt of the insurance benefit, you will have an opportunity to immediately eliminate the consequences of the accident – to repair or refurbish your dwelling.
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The bank consultant will provide you with the pledged real estate insurance proposal issued by our cooperation partner AB Lietuvos draudimas.
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A full list of insurers recommended by us is available on our website www.seb.lt, you may obtain it at our units or by calling us at +370 5 268 2800.
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You may select another insurance company.
The notary public certifies the real estate pledge
The certificate of title issued by the Centre of Registers shows the property ownership and if you have minor children, after obtaining the court permit, you have to immediately inform the bank consultant that you are prepared to sign the real estate pledge agreement.
The pledge agreement will be drafted by the notary public.
You need to agree with the bank consultant, which notary office is the most convenient for you to sign the dwelling pledge agreement.
After certification of the dwelling pledge agreement, the notary public will register it with the Mortgage Register.
Information about the notary fees is available on the website of the Lithuanian Chamber of Notaries.
Documents to be submitted to the notary public (the notary public will specify in detail the list of documents prior to your visit)
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the notary public will specify in detail the list of documents prior to your visit
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district court order permitting to pledge the dwelling (if you have minor children and intend to pledge your family‘s current / future dwelling
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mortgaged real estate purchase and sale agreement or other document proving the real estate purchase
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insurance policy of the real estate to be mortgaged
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consent of the initial creditor to pledge the real estate (if the real estate to be purchased is already pledged)
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notarial authorisation to sign a mortgage (pledge) agreement (if the customer (the property owner) is unable to sign the mortgage agreement in person)
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marital status certificate issued by the Population Register (if the notary public may not obtain it)
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land lease agreement, the land parcel plan, consent of the land owner (if a parcel of land is to be mortgaged). The mortgage document must be also signed by the owner of the land parcel
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lessee's consent (if the property to be mortgaged is leased and if the agreement establishes that such consent is required).
Taking into consideration your individual situation, additional documents may be required. The list of required documents is submitted here.
Documents to be submitted to the bank
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Certificate of ownership registration issued by the State Company Centre of Registers
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Consent of the initial creditor to pledge the real estate (if the real estate to be purchased is already pledged)
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Insurance policy of the real estate to be mortgaged
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Real estate valuation report
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Mortgaged dwelling purchase and sale agreement or other document proving lawful purchase of the real estate
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District court permit to pledge the dwelling (if you have minor children and mortgage your family dwelling)
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Land lease agreement, the land parcel plan, consent of the land owner (if a parcel of land is to be mortgaged)
Final settlement with the seller
Contact our bank advisor after concluding a mortgage agreement at the Notary Public office. Remember – Notary Public should register that you have fulfilled all the obligations towards the seller.
The loan will be transferred to the dwelling seller’s account specified in the purchase and sale agreement, when we receive information that the seller has received the portion of your own funds, the home loan agreement is registered with the Mortgage Register and other terms established in the loan agreement are fulfilled.
The loan transfer application requesting to transfer funds to the seller may be submitted at the bank unit or via the Internet Bank.
When the seller receives money transferred for the real estate, you and the seller have to contact the notary office where your real estate purchase agreement was signed. After receipt of the seller’s confirmation about full settlement for the real estate, the notary public will issue a certification proving it. Such proof of payment for the acquired dwelling and implementation of all terms established in the agreement will be submitted by the notary public to the State Company Centre of Registers.
If you hold the notarial certification registered with the State Company Centre of Registers after expiry of ten or more years, you will be able to easily prove that you have paid in full for the real estate. Therefore in future you will have no obstacles if you are be willing to sell residential property.
Confirmation of the property purchase documents at the notary‘s office
When the seller receives money transferred for the real estate, you and the seller have to contact the notary office where your real estate purchase agreement was signed.
After receipt of the seller’s confirmation about full settlement for the real estate, the notary public will issue a certification proving it. Such proof of payment for the acquired dwelling and implementation of all terms established in the agreement will be submitted by the notary public to the State Company Centre of Registers.
If you hold the notarial certification registered with the State Company Centre of Registers after expiry of ten or more years, you will be able to easily prove that you have paid in full for the real estate. Therefore in future you will have no obstacles if you are be willing to sell residential property.
Document: personal identity document (your identity card and a passport).
The last step is to move to your new home
You will not be required to transfer the loan instalments to the bank from your account on monthly basis, whereas the funds will be debited automatically. However you have to ensure that a required amount is available in your account for the loan instalments. If your income is transferred to such account, everything goes smoothly.
If you need more information or a consultation, call us at +370 5 268 2800 or contact the bank consultant.
You are welcome to ask if you have any questions and invite you to come for a consultation. If we are informed about the changes that occurred in your life and existing problems, we will assist you in finding adequate solutions.
The main information about the loan, the schedule of loan instalments and accrued interest, and overdue amounts is available on the Internet Bank.
Wishing you many pleasant moments in your new home!
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1. Calculator

Assess your possibilities to obtain a home loan and estimate your home loan amount you can obtain.
Home Loan calculator
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3. Property valuation

Order the property valuation report to identify the real estate market value. The valuation report will specify the market value and information about the real estate.
Read more | Property valuers
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4. Loan application

Submit your loan application and specify your personal data.
Read more
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5. The bank decision

If you have provided us with all required information, you need to wait for the bank’s decision.
Read more
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7. Purchase agreement signature at the notary’s office

Purchase and sale agreement will be signed at the notary office.
If you buy the property with another person, you will have to sign it together.
Read more
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8. If you have minor children, you need a court order

If you have minor children or obtain a loan for acquisition of your only home, a permission to pledge the property of a district court that has jurisdiction over your place of residence will be required.
Read more
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9. Property insurance

The dwelling that is the object of pledge must be uninterruptedly insured for the entire validity period of the loan.
Read more | Collateral insurance
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10. The notary public certifies the real estate pledge

At the notary office you may sign the real estate pledge agreement. If the pledged real estate is owned by you and by your spouse or another person, you have to jointly sign the agreement.
Read more
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11. Final settlement with the seller

After the pledge agreement signature at the notary office, you need to contact the bank consultant.
Read more
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12. The last step is to move to your new home

We extend to you our warmest congratulations – you took an important step in your life and acquired a new dwelling.
Read more
What is the maximum amount of credit that the bank will extend?
Basic lending conditions |
Requirements for the borrower
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Loans are available to adult nationals of the Republic of Lithuania and individuals with a permit of permanent residence in Lithuania who are receiving permanent income, in particular:
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wages
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other regular income received under author's agreements, from business activity, lease and otherwise supported by relevant documentation
The total amount of monthly instalments paid to various credit institutions should not exceed 40 per cent of your total monthly net income.
You have to cover at least 15 per cent of the budget of the financed project with your own (not borrowed) money.
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Amount and maturity
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The amount and maturity of the loan depend on whether or not this will be your primary residence.
If you are borrowing: |
The loan amount may be: |
Loan maturity: |
for housing which is your primary residence |
up to 85 per cent of the market value or price (whichever is lower) of purchased housing subject to taking out a mortgage against it |
up to 30 years (for home refurbishment up to 20 years) |
for housing which is not your primary residence, also for a homestead, summer house or other similar properties |
up to 60 per cent of the market value or price (whichever is lower) of purchased housing subject to taking out a mortgage against it |
up to 25 years (for home refurbishment up to 20 years) |
The loan amount also depends on the assessment of the family’s financial capacity to repay the loan.
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Currency
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Loans are available in euros.
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Interest
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When signing a loan agreement, you may select the interest rate: variable or fixed.
Variable interest may be of two types:
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fluctuates within the entire loan period. It includes the bank margin individually approved for you and 3, 6 or12 month EURIBOR (Euro Interbank Offered Rate) selected by you. Variable interest portion EURIBOR will be fixed for the first time on the drawdown date of the first loan portion and will be effective until the following interest rate adjustment date. On other interest rate adjustment dates, the variable interest portion will be newly fixed. The variable interest portion will be fixed based on EURIBOR valid two business days ago. If the value was negative, it will be considered that the variable interest portion is zero.
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fixed for the initial period and after its expiry will fluctuate within the remaining loan period. It includes the interest rate individually approved for you on the loan agreement signature date, which is effective within the initial period of 2, 3, 5 or 10 years selected by you, and after its expiry, the variable interest portion fluctuates within the remaining loan period as specified above
Fixed interest rate may be approved, if your loan period does not exceed 10 years. Fixed interest rate selected by you will be approved for the entire credit period.
Interest will accrue on the outstanding loan, and we will calculate it considering that a year consists of 360 days.
Both a new fixed and variable interest will be determined depending on the situation in the lending market, the loan amount maturity, assessment of your financial potential, individual credit risk, and also on the number and type of services provided to you by SEB Bank.
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Securities
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Repayment of a mortgage loan is usually secured by taking out a mortgage against housing which is being purchased, repaired, built or reconstructed:
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Loan repayment
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Once the bank has disbursed the funds of the loan, your instalments will be debited from your chosen account on the agreed payment dates. The first instalment is interest only.
Repayment methods
Linear method |
Annuity method |
The principal is divided into equal portions, which are paid every month. Interest accrued on the outstanding loan portion for the actual number of days will be added to it (the lower the outstanding loan, the lower interest will accrue on it). So over the entire term of the agreement the monthly instalments are gradually decreasing. |
The same amount of instalments is paid every month, consisting of the principal and interest. At first interest comprises the larger part of the instalment. It gradually decreases while the principal is increasing, but the amount of the monthly instalment does not change. In calculating the instalment amounts, it will be considered that a year consists of 360 days. |
Example of the composite parts of a credit instalment and their change in both cases |
If you can afford higher instalments from the beginning, it is worth choosing the linear method because the amount of interest paid will be lower over the whole term.
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Grace period
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If you are facing an emergency, you can file us a request to postpone payment o instalments without changing the final loan maturity date. During the grace period only interest is payable.
Emergency: |
Grace period: |
you lose job |
up to 6 months |
your income drops |
up to 6 months |
family loses breadwinner (spouse) |
up to 6 months |
you become ill or have an accident which has kept you off work for more than 2 months |
up to 6 months or longer (subject to specific circumstances) |
childbirth |
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up to 12 months if the child is raised by a single parent
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up to 6 months if the child is raised by both parents
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aftermath of fire or other natural disasters |
up to 6 months |
you start studying |
up to 3 months |
divorce |
up to 3 months |
in case of compulsory initial military service |
within the entire period of compulsory military service |
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For more information about a loan, lending terms and fees please contact us at +370 5 268 2800.
Borrowing is always associated with the risk of being unable to fulfil your assumed obligations properly and in due time, so before you decide to take out a loan, consider this risk carefully.
Use the home loan calculator to calculate a loan instalment that you could pay the bank every month without difficulty and consider the risk of decreased income. We also recommend considering the risk of increased instalments related to a rise in the interest rate and the risk of borrowing in a foreign currency.
According to the Responsible Lending Regulations of the Bank of Lithuania, we will provide you with instalment samples and other information related to concluding a loan agreement before signing the loan agreement. Please compare the different offers and make an informed decision.
Please note that you need to take out a mortgage against property to secure repayment of the loan. If the assumed financial liabilities are not fulfilled, there occurs a risk to lose title to the property.
The bank has the right to refuse giving out a loan.
Home loan and loan to private individual (subject to real estate pledge) |
Annual interest rate |
fixed on individual basis |
Contract fee:
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loan issuance
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increase in loan amount
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0.5 percent of the loan amount, at least EUR 250 |
Commitment fee |
0.4 percent per year of the undisbursed loan amount |
Fee for a consent to provide a second ranking pledge of property to another creditor |
EUR 150 |
Amendment to terms and conditions of a loan agreement in case of: |
If variable interest rate is applied: |
If fixed interest is applied: |
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a change of fixed interest rate with variable interest rate and vice versa
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a change of variable interest period
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a change of loan currency
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1.5 percent of outstanding loan, at least EUR 250 |
year(s) until expiry of fixed interest rate period |
percent of outstanding loan,
at least EUR 250 |
up to 5 year (inclusive) |
1.5 |
6–10 (inclusive) |
3 |
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a change of variable interest rate margin or fixed interest rate
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1 percent of outstanding loan, at least EUR 250 |
Other amendments to the terms and conditions of the loan agreement |
EUR 250 |
Loan deferment |
free of charge |
Prepayment fee |
At variable interest rate that varies all throughout the loan period
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not applied
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At variable interest rate which is established for the initial period and which, upon expiry of the initial period, varies throughout the remaining loan period
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over the initial period – statutory fee (The Rules for Calculation of Compensation), however, not more than 3% of the amount of the prepaid loan or any part thereof
not applied upon expiry of the initial period
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At fixed interest rate |
statutory fee (The Rules for Calculation of Compensation), however, not more than 3% of the amount of the prepaid loan or any part thereof |
Other services |
Documentation related to a credit agreement: certifications, official letters, consents, permissions, approvals |
EUR 30.00 |
Uninsured Collateral Administration Fee (applied if a collateral is a residential real estate object) |
EUR 20.00 per month
The fee is charged if the collateral is not insured for more than 30 days |
Typical example for calculating annual percentage rate
If a loan of EUR 50,000 secured by real estate collateral is granted for the period of 25 years and 300 loan instalments based on the annuity method will be made, the total amount to be paid by such borrower will make EUR 69,293.76, monthly instalment – EUR 225.24. The annual percentage rate will make 2,82 per cent. Annual percentage rate showing the total cost of a loan is calculated by including the below instalments made within the entire loan period:
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2,50 per cent variable interest
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EUR 250 agreement fee and one-off transfer fee of EUR 5
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EUR 31.28 mortgage (pledge) registration fee
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EUR 0.70 per month minimum fee for main banking services
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EUR 49 dwelling insurance annual premium
Note. Property valuation costs are not included.
Annual percentage rate and the total amount to be paid by the borrower are calculated considering that the loan is disbursed on the agreement signature date and that the terms of the agreement, interest rate and fees do not change within the entire loan period, and the terms and conditions of the agreement are timely implemented. If you fail to fulfil or unduly fulfil the terms of the loan agreement, the risk exists that you may be deprived of the ownership right to the pledged real estate. The mortgaged real estate must be insured in favour of the bank during the entire loan period.
For more information about a loan, lending terms and fees please contact us at +370 5 268 2800.
Borrowing is always associated with the risk of being unable to fulfil your assumed obligations properly and in due time, so before you decide to take out a loan, consider this risk carefully.
Use the home loan calculator to calculate a loan instalment that you could pay the bank every month without difficulty and consider the risk of decreased income. We also recommend considering the risk of increased instalments related to a rise in the interest rate and the risk of borrowing in a foreign currency.
According to the Responsible Lending Regulations of the Bank of Lithuania, we will provide you with instalment samples and other information related to concluding a loan agreement before signing the loan agreement. Please compare the different offers and make an informed decision.
Please note that you need to take out a mortgage against property to secure repayment of the loan. If the assumed financial liabilities are not fulfilled, there occurs a risk to lose title to the property.
The bank has the right to refuse giving out a loan.
If you are applying for a mortgage loan or a home equity loan
Documents required from you and your spouse
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Loan application
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Personal identity documents (passport of a Lithuanian national or personal identity card)
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Consents to retrieving your data from external databases
Additional documents that may be required
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Statements on wages from the last 12 months (on the employer's letterhead signed by the head and CFO of the company and sealed)
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Employment contracts
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A tax return approved by the State Tax Inspectorate if you are a sole proprietor
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Copyright contracts, if part of your income is generated under such contracts
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Other certificates or documents which testify to your family income
Additional documentation that may be required if you apply for a loan to build or reconstruct a home
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Contract for works if the works are performed with a contractor
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Construction permit and other design documentation
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Documents testifying to the title to a parcel of land or leasehold interest
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Cost estimate for construction or reconstruction work and timetable for completion of the work
In each individual case we may ask you for more documentation.
For more information about a loan, lending terms and fees please contact us at +370 5 268 2800.
Borrowing is always associated with the risk of being unable to fulfil your assumed obligations properly and in due time, so before you decide to take out a loan, consider this risk carefully.
Use the home loan calculator to calculate a loan instalment that you could pay the bank every month without difficulty and consider the risk of decreased income. We also recommend considering the risk of increased instalments related to a rise in the interest rate and the risk of borrowing in a foreign currency.
According to the Responsible Lending Regulations of the Bank of Lithuania, we will provide you with instalment samples and other information related to concluding a loan agreement before signing the loan agreement. Please compare the different offers and make an informed decision.
Please note that you need to take out a mortgage against property to secure repayment of the loan. If the assumed financial liabilities are not fulfilled, there occurs a risk to lose title to the property.
The bank has the right to refuse giving out a loan.