Bulgaria

Loans available:

• For purchase, re-mortgage, or equity release
• Variable, and interest only mortgages (for first year only) available
• Non-status loans are not available

Loan to Value:

• Based on the valuation of the property
• Up to 70% LTV if loan amount between €40,000 and €100,000
• 75% if loan amount is greater than €100,000

Interest Rates:

• From 6.45%

Maximum Term:

• 25 years

Maximum Age at Completion:

• Up to 65 years old

Minimum Loan:

• €40,000

Currencies Available:

• Euro, Bulgarian Lev , and US dollar mortgages available

Prepayment Penalties:

• 3% in yr 1; 2% in year 2; 0% thereafter

Documentation required (minimum):

• Last six month bank statements
• P60 or equivalent
• Letter form accountant confirming tax paid (if self employed)
• Three years audited accounts (if self employed)
• Certified true copies of passports
• Two forms of address identification
• Completed application form

General Fees to Consider:

These may include: Notary fees, Tax, Bank Charges and others

Please note that we provide legal advice for conveyance in Bulgaria.