Buy an apartment today and pay 90% of the price after completion.
10:90 finance at MILROSE
The decision to buy a new apartment doesn’t start at a bank or with a mortgage calculator. It starts with a vision of where you want to live, how much space you’ll need, or whether the time is right to trade in your rental or current apartment for a new home. But when it comes to the actual purchase, another question becomes just as important as the price: how much of it do I need to pay today?
With an apartment under construction, several years may pass between the purchase and moving in. And regardless of whether you already have the necessary funds, or are still gradually saving up, it may not be advantageous to tie up a significant portion of your money in real estate sooner than necessary.
That’s why at MILROSE, we’ve structured our financing so you can choose your future home today, but pay 90% of the price after the project is completed. You’ll pay 10% of the price upfront, and the remaining 90% after final inspection.
90% of the purchase price remains in your hands until completion
What does this mean in practice? For example, if you choose an apartment priced at 300,000 euros, under the 10:90 model, you’ll pay 30,000 euros upfront and the remaining 270,000 euros after the project is completed.
The advantage isn’t just the lower initial payment. Most of your funds won’t be tied up in the property during construction, and you retain greater flexibility in how you use them.
You can continue to build a financial reserve, or keep your funds in your existing investments. If you already own a property, you gain more leeway to decide when to sell it, and you don’t have to make this decision several years before moving into your new apartment.
The 10:90 model is not just a solution for those who need to build up more of their own funds for a purchase. It can also be advantageous if you already have the funds, but want to retain the ability to make decisions about your money up until your new home is completed.
Choose your apartment today – start making mortgage payments after completion
If you plan to finance your purchase with a mortgage, you don’t have to wait until just before the project is completed to apply for it. You can have your mortgage approved right now, and you’ll only start drawing on it and making payments after MILROSE receives the occupancy permit. This way, mortgage payments on your new apartment won’t be a burden during construction.
Our mortgage specialist will also help you with financing. At your first meeting, they will prepare a preliminary offer for you and then compare options from our five partner banks—Slovenská sporiteľňa, VÚB, ČSOB, UniCredit, and Tatra banka, which is also the financing bank for the MILROSE project.
They’ll also assist you with the documentation and communication with the bank during the loan approval process. The service also includes arranging the required property insurance, including a lien, the administrative procedures related to the land registry and lien registration.
This allows you to arrange your financing in advance, though the critical part of the process doesn’t take place until after your new home is completed.
Buying an apartment at MILROSE
The process consists of 6 steps, and from the initial selection of an apartment through to handover, we’re here to help you with financing and the necessary paperwork.
1. You choose an apartment and reserve it
We’ll reserve your chosen property for you on a non-binding basis, giving you time to make a decision and have your first meeting with a mortgage specialist.
2. We’ll prepare financing options
We’ll compare the terms offered by our partner banks and help you choose the solution that best fits your budget and plans.
3. We’ll help with your mortgage application
We’ll prepare and submit your mortgage loan application and handle all communication with the bank during the approval process.
4. You’ll sign the contracts
Once the loan is approved, you’ll sign the loan agreement and the Preliminary Purchase Agreement with MILROSE.
5. Pay 10% of the Purchase Price
Within 5 business days of signing the Preliminary Purchase Agreement, you will pay 10% of the Purchase Price.
6. Mortgage drawn down after final inspection
Once the project is completed, we’ll submit the final inspection certificate to the bank; the loan will then be disbursed, and the remaining portion of the purchase price will be paid.
7. Getting the keys to your new home
You’ll receive the keys to your apartment, and once the building is registered in the land registry, we’ll sign the purchase agreement, and the apartment will become your property.
Choose your home today and maintain your financial flexibility
When buying an apartment, it’s not just the price that matters. The timing of your payments can also make a difference.
MILROSE’s 10:90 financing plan allows you to choose an apartment today, pay 10% of the price upfront and the remaining 90% after completion. This means you’ll still have most of your funds available to use during construction.
Choose your apartment at MILROSE and get a non-binding financing offer immediately.
