How we can help you to finance your overseas home
by using the Bulgarian property as security
If you require finance to purchase your overseas Bulgaria
property, then our Financial Services - Licensed Credit
Broker (who have had over 20 years experience in the market)
could assist. Using the Bulgarian property as security a
Repayment mortgage could be raised, depending on individual
requirements.
Based
on the valuation or purchase price, whichever is the lower,
of the Bulgarian residential property, UK & Irish Nationals (and
non-UK Nationals on a case by case basis) can borrow up to 70%
for purchases and re-mortgages for Home Improvements. Mortgages
for other purposes may be considered - contact us for further
information.
Please note, that if the property is an apartment being built, funds are not available until the completion and the apartment has been legally registered in your name. The same will also apply for a new house/villa, but in this case, if the land is already purchased and registered in the name of a Bulgarian Company (with you as legal owner of that Bulgarian Company), stage payments may then be available on a drawdown basis to construct the property - full details on request.
For all schemes there is a minimum loan of 25 000 EUR, no maximum, available in Euros only. The maximum term of the loan is 20 years - available up to age 70. Current interest rate as at 7th February 2005 is approx 7.00% in Euros.