Mortgages-in-bulgaria

Bulgaria at a glance

Q - How much can you borrow?

A - This is based upon affordability

Q - What is the maximum percentage you can borrow against the value of your property?

A - 70% Loan to value

Q - What is the minimum and maximum loan amount?

A - Minimum: 40,000 € Maximum: None

Q - What term can the mortgage be for?

A - Up to 15 years

Q - What rate of interest are you likely to pay?
A - Variable 7.50% Fixed 0

Q - Which currencies can you borrow in?
A - Euros

Q - How long can you expect your mortgage application to take?
A - Usually 2-3 months from start to finish

Q - What documentation will you have to provide in support of your application?
A - Offer to Purchase form Real Estate Agent, Passport, P60 & 3months salary slips, 2 years Accounts & Tax Assessments(if self employed), Proof of Deposit, Proof of UK Mortgage payments, 6 months Bank Statements

Q - Is Life Insurance a requirement of the mortgage?
A - Inmost cases no If yes they willaccept UK life policies

Q - What's the Repayment Methods
A - Capital & Interest

Q - What are the cost of arranging your mortgage
A - Bank Fees 1% of purchase price
Our Fees £245.00 + 0.50% of loan amount