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  • How do I apply for the registration of a pledge?

    The registration of a pledge can only be applied for by the pledgee, for example, a bank. The pledge is applied for using a form (in Finnish). 

    Registering a pledge in the Residential and Commercial Property Information System requires the shareholder to have an electronic registration of ownership.

  • What kind of pledges can I apply for?

    The pledgee (for example, a bank) can apply for a pledge either for the entire value of the share or in euros, limited to the desired amount. A fixed-term pledge is also possible.

  • How is the pledge registered when my share certificate is held by a bank as collateral for a loan?

    If your share certificate is held by a bank as collateral for a loan, you can authorise the bank to apply for the registration of a pledge on your behalf.

  • Can I use my apartment as collateral for a loan in several different banks?

    It is possible to register several pledges and proportional pledges for the apartment. This means the apartment can be pledged to several different banks.

    The pledgee bank applies for the registration of the pledge from the National Land Survey of Finland. The owner’s consent is required to register the pledge. Please also note that the pledgee will determine the value of the property and decide whether the property can be used as collateral.

  • What restrictions can be registered in the Residential and Commercial Property Information System? Where will they appear?

    For example, the list of shares shows a widow’s right of possession, a right of use based on a will and enforcement.

    See all restrictions shown in the list of shares (in Finnish)

    In addition to the above, a printout of owner apartments shows bankruptcy, a notification by the custodian of safekeeping documents, and various expropriation or transfer restrictions, for example.

    See all restrictions shown in the printout of owner apartments (in Finnish)

  • The printout of owner apartments shows a “Notification by the custodian of safekeeping documents” restriction for the apartment. What does this mean?

    The purpose of the restriction is to provide information about the housing company’s ongoing RS procedure and prevent the registration of entries and restrictions other than those from the custodian of safekeeping documents. The RS procedure is a security system in accordance with the Housing Transactions Act for the buyer of a new property that is still under construction. 

    In the RS procedure, the custodian of safekeeping documents (a bank or the Regional State Agency) notifies the new owners of the shares, as well as pledges and possible restrictions, for registration in the Residential and Commercial Property Information System.

  • Are the data in the Residential and Commercial Property Information System public?

    Residential and Commercial Property Information System data are mainly public, but publicity is not the same as unlimited access to data. The data in the Residential and Commercial Property Information System contain personal data, the disclosure of which is regulated by law.  

    The housing company’s list of shares is public. In other respects, the data of the Residential and Commercial Property Information System are disclosed for the purposes specified in the law.