Permit for the pledging of property and for borrowing and lending

As a guardian, you will need a permit when you are pledging the property of your client to secure a loan, transferring the property of your client as a pledge or setting up another lien. The pledging of both movable and immovable property is subject to a permit. If in your role as a guardian you change the terms and conditions of your client's loan to the detriment of your client, you will need permission to do so. A permit will not be granted for a general pledge.  If the surrender of a pledge is connected to taking out a loan on behalf of your client, you will need a separate permit for this.

If you are taking out a loan other than a government guaranteed student loan on behalf of your client, you will need a permit to do so. Taking out a loan will mean that the client is the debtor. The change of terms and conditions of a load and the merging of loans will also require a permit.

As a guardian, you may not commit to take on responsibility for the debt of another person on behalf of your client without permission. This also applies to principal guarantees, secondary guarantees and collateral securities.

You will need a permit when lending money on behalf of your client. Only the lending money is subject to a permit, while a term to a transaction where a buyer is given payment time under normal terms is not. If the buyer is given a payment period under unusual terms of payment, you will need a permit for the action. As a rule, we require that the debt be subject to a guarantee approved by financial institutions.

We recommend that you apply for a permit in advance.

Before making any decisions concerning the tasks you are charged with, ask for your client's opinion, if it is important to do so and the hearing can be arranged with significant difficulty. However, a hearing will not be necessary, if your client is unable to understand the meaning or significance of the action.

This is what to do

  • Fill in the permit application and submit it and its attachments to the Digital and Population Data Services Agency.  

Fill in the application

  • The processing of your permit application will be faster if you submit all the necessary attachments at the same time with your application. Where necessary, we will ask you for supplementary data.

  • We will send any request for supplementary data electronically to the Suomi.fi Messages service or via email, by post as a letter or by phone.

Required documents 

Required attachments for pledging property as collateral 

  • Special pledge commitment, draft agreement or other information on the terms and conditions of the pledge
  • Decision on a loan, draft of the credit instrument or other certificate from the creditor detailing the terms and conditions of the load as well as details on other possible collateral
  • The borrower's report on its ability to service their debt.
  • The borrower’s certificate of wages
  • In the case of arranging loans and guarantees, information on the extent to which the former liabilities remain in effect
  • A list of the pledged property, its value and the client’s right of ownership.
  • If an estate to which the client is a stakeholder is the pledger, a copy of the estate inventory deed, a copy of the deceased person's potential will, including its service of notice or certificate of validity, and a copy of any prenuptial agreement
  • If your client is a minor aged 15 or over or an adult whose functional capacity is not limited and they understand the significance of the matter, the client’s written opinion on the action will be appended to the application.

Necessary attachments for borrowing

  • Loan decision, a draft of the credit instrument or other certificate from the creditor on the terms and conditions of the loan
  • In the case of arranging loans, an explanation of the extent to which the former liabilities remain in effect
  • a report on the client’s ability to service their debt
  • as regards the guarantee, a loan decision, a guarantee commitment, an account of the borrower's ability to cope with the debt and an account of the client's ability to cope with the guarantee liability
  • If your client is a minor aged 15 or over or an adult whose functional capacity is not limited and they understand the significance of the matter, the client’s written opinion on the action will be appended to the application.

Necessary attachments for lending from the client's financial assets

  • Credit instrument or its draft, which lists the parties to the loan, its amount and interest rate, repayment plan, other terms and conditions as well as collateral
  • Information on the debtor's financial situation and their ability to repay their loan (income, expenditure, other liabilities and other factors affecting their ability to pay)
  • Information on the fair value of the pledge, copies of the share certificates or mortgages to be pledged, information on other assets to be pledged and a copy of the commitment to a pledge.
  • A building manager certificate for an apartment
  • Written consent by a debtor for a credit review.
  • If your client is a minor aged 15 or over or adult whose functional capacity is not limited and they understand the significance of the matter, the client’s written opinion on the action will be appended to the application.

Check list

  • Consider whether the planned action will benefit your client.
  • Discuss the matter with your client and find out their opinion on the matter if the client is able to understand the significance of the matter.
  • Check that you have all the necessary attachments for the permit application. The attachments to the application may be copies.
  • Make sure that you are not disqualified from acting as a guardian in the action. If you yourself or your close relative is a party to the action, you will need to apply for a substitute guardian.

Price

A permit decision costs EUR 184. 

Processing period

The average processing time is two months. As a rule, cases are processed in their order of arrival. In individual cases, the processing time may be less or more than this depending on the size and complexity of the matter. Processing times are longer when not all necessary reports have been included as attachments to the application.

Frequently asked questions

Guardianship Services contact information

Email

When sending an email, please use the Digital and Population Data Services Agency’s secure email to ensure that your information is sent securely. Select [email protected] as the recipient in the secure mail

Send the email as a secure email

Postal address

Digital and Population Data Services Agency / Guardianship, PO Box 1001, FI-02151 Espoo

With the exception of property inventories, annual statements and final statements, you can send all post to the Guardianship Service to the address listed above. The three separately specified reports must be mailed to the postal address of the service location responsible for their monitoring.

Telephone number

The telephone service is open 9.00-15.00 on weekdays

Service number +358 295 536 256

Service locations

Addresses of the Digital and Population Data Services Agency’s service location

 

Population of Finland 5 535 422