Mortgages available
Have you ever considered the option to invest your money in a real estate and generate profits?
Or have you considered buying a nice house in a foreign country to spend your lifetime in?
But you don’t want to pay the entire amount of the house up front or you just have limited financial resources?
If the answer to most of these questions is YES, then why don’t you consider the possibility of Mortgage Loan in Bulgaria!
On the verge of the European Union acceptance, Bulgaria has become even more attractive place to invest your money.
With the rapid and dynamic development of the banking system you can rely on a Mortgage Loan from a Bulgarian bank that will finance your purchase, even if your income originates from another country.
These are two of the prerequisites you need to know when you make your final decision to apply for a Mortgage Loan in Bulgaria.
And the last but not least is…
Is there someone who can guide me through the process of applying for a mortgage loan and give me professional and accurate advice
Someone who provides assistance by the proper choice of a bank institution, by the filling in and providing the necessary documents and step-by step assistance in the process
Someone who can give me clear and concrete presentation of the loan parameters and can be impartial providing me this information.
We can fulfill this last prerequisite!
All you need to do is to contact us at +359 800 12 700 or ON-LINE and your personal Mortgage Loan Consultant will contact you within 24 hours.
Brief review of the loan parameters
The main characteristics of a standard mortgage loan in Bulgaria are:
Interest rates: vary between 6,9% and 8,4%
Fees: between 1% and 2% of the loan amount
Maximum amount of the loan: between 60% and 80% of the property’s market value
Maximum term of the loan: between 15 and 20 years
Collateral: Immovable property and several month installments deposited in advance, depending on the bank.
Various banks have different standards for determining the solvency of the applicant. In the process they take into consideration applicant’s net income and the total amount of the debt incurred.
For more detailed information concerning the bank parameters, please click here.
Bank conditions and documents required
At this point there are 3 banks that can finance your purchase of a property in Bulgaria. United Bulgarian Bank (UBB). Interest rates: 0.9% for the first year and 7.65% for the following years or 6,5% for the whole period Fees: 1.5% of the ...