kiinteistösiirtopankki

Kiinteistösiirtopankki is a Finnish term that translates to "real estate transfer bank" or "property transfer bank" in English. It refers to a financial institution or a system that facilitates the transfer and registration of real estate ownership. In Finland, these functions are primarily handled by the Land Register, which is maintained by the National Land Survey of Finland.

The primary role of a kiinteistösiirtopankki, or the entities fulfilling its function, is to ensure the legal security of real estate transactions. This involves recording ownership changes, mortgages, easements, and other rights and encumbrances associated with a property. When a property is bought or sold, the ownership is transferred and registered in the Land Register. This registration provides public notice of ownership and protects the rights of the property owner.

Mortgages are also a crucial aspect. When a loan is secured by real estate, the mortgage is registered in the Land Register, giving the lender a legal claim on the property in case of default. The accuracy and up-to-date nature of the Land Register are essential for the smooth functioning of the real estate market and for maintaining confidence in property ownership. While there isn't a single entity explicitly named "kiinteistösiirtopankki" as a standalone bank, the National Land Survey of Finland and the associated Land Register system effectively perform the duties implied by the term, safeguarding property rights and facilitating real estate transfers.