The Mortgage Act makes it impossible to condition a positive credit decision by having to buy any of them, unless it is compulsory to insure your property.

The decision to purchase additional products may affect the assessment of the risk associated with the transaction and be reflected in the interest rate on the loan.



Tying, so-called cross-selling is a strategy for increasing the value of transactions by adding related products. Typically, the sale of complementary products is designed to maximize the income of the financial institution.

Until the entry into force of the Mortgage Act, banks often made the issue of a positive credit decision, e.g. the borrower’s transfer of a personal account to the bank crediting the purchase of real estate or purchase of additional insurance.

However, it should be remembered that mortgage- related products have an impact on reducing credit risk and allow banks to protect their interests in specific situations.

Accounts and credit cards


The bank may offer customers additional products in combination with a reduction in interest rates and other costs associated with the granting and subsequent servicing of the mortgage. The decision to grant a loan cannot, however, depend on whether the customer agrees to use them.

The borrower should be informed about the differences in the offer resulting from the choice of the variant with or without complementary products.

In order to repay the loan, it is necessary to open an account to which the installments will be paid. The purchase of a credit card or other products is voluntary and depends on the individual assessment of the customer.

Real estate insurance and additional banking products


In certain circumstances, the bank requires insurance of the credited property and assignment of compensation. The sale of additional protection insurance, such as life insurance or insurance against loss of job, can have a significant impact on the interest rate on the loan, but the decision to purchase additional insurance and the choice of the offer lies with the borrower. When analyzing the terms of the loan agreement and the impact of additional products on the interest rate, it is worth considering the costs they will generate in the future. Additional products offered by a bank with a mortgage are not always the most advantageous offer of this type on the market.

Assessing the terms of the mortgage offer may seem complicated, so it does not hurt to consult an experienced financial expert Good Finance. The adviser will tell you how to find the right balance between lowering the interest rate and the future cost of additional products. Talking with a professional will help you quickly give up on unnecessary and cost-generating extras. At the same time, advisors have complete knowledge about insurance, which can significantly reduce the cost of a home loan.