Get a new apartment without a traditional mortgage
Cooperative housing offers a more affordable way to secure a home, allowing you to acquire a new apartment with lower upfront costs and without the need for a traditional mortgage. It is an ideal choice for anyone looking for a simpler and more accessible path to homeownership.
Benefits of cooperative housing
Lower entry costs
To purchase an apartment, you generally only need to pay 20% of the purchase price upfront. The remaining balance is then paid off gradually through monthly installments, known as an annuity.
No standard mortgage required
The loan is arranged for the entire housing cooperative, so you don't have to go through the standard mortgage approval process required for privately owned properties.
A more accessible path to homeownership
Cooperative financing may be a suitable solution for you, for example, if you are unable to qualify for a mortgage due to your income level or age, or if you simply prefer a different way of financing.
Simpler transfer of cooperative shares
Transferring a cooperative share to a new member is administratively simpler and does not require approval from the housing cooperative or registration in the real estate cadastre.
Financing with an expert partner
Our contractual partner, Solom Group, will guide you through the entire process. They specialize in housing cooperatives and cooperative living and will provide expert advice, help you choose the best financing options, and ensure a smooth experience from your initial consultation all the way to the handover of your apartment.
Frequently Asked Questions
Cooperative apartments can be financed with a mortgage secured by another property or through a non-purpose loan for cooperative financing. If needed, other financing options are available, and we would be happy to advise you on them.
To purchase an apartment, you only need to pay 20% of the purchase price upfront. The remaining balance is paid gradually through monthly annuity installments. A one-time membership fee to the housing cooperative is also typically required.
The apartment is owned by the housing cooperative of which you are a member; you hold a cooperative share and have the right to use a specific unit. Once the annuity is paid off, the property can be transferred to private ownership.
Yes. Transferring a cooperative share to a new member is administratively simpler and does not require approval from the housing cooperative or registration in the real estate cadastre.
Yes, you can. You just need to inform the housing cooperative.
Yes, once the annuity is paid off, you can transfer the property into personal ownership.