Some construction companies refuse to sell apartments on mortgage

Some construction companies refuse to sell apartments on mortgage
# 13 August 2009 14:58 (UTC +04:00)
The crux of the matter is that some companies prefer cash payment for the homes they sell.

APA-Economics found in a poll that large companies such as Shafaq and Turan said they are willing to sell homes on mortgage loan with the latter saying it has apartments registered in the state register to serve as collateral.

In addition, Altes Construction said it is possible to buy apartments on mortgage, in cash or by transfer.

ANT Construction and Baku City Center also said there is no restriction in whether you buy a home on mortgage or not.

However, Azinko said that it doesn’t offer homes on mortgage because homebuyers should firstly cash the loan but that is not provided for in the rules of existing mortgage lending mechanism.
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