Greece

What is covered?

Purchase and renovation of property and purchase of land for development
Re-mortgage and equity release is also available

Type of loans available:

• Capital repayment mortgages

• Interest-only mortgages max 2 years

• Fixed rate mortgages for 2 or 3 years

Loan to Value:

• Maximum Loan to Value for a Construction Loan: 90%

• Maximum Loan to Value for Property: 80%

• Maximum Loan to Value for Land: 70%

Typical Interest Rates:

• Euro: 6.35% fixed for 3 years

• Swiss Franc:3.22% fixed for 2 years

Maximum Term & Age Limit:

• 30 years (maximum 75 years at maturity)

Currencies available:

• Euros & Swiss Francs

Prepayment Penalty:

• No penalties for variable rate mortgages

• Penalties may apply for fixed rate options

Documents required:

• Payslips, P60’s, bank statements for employed

• Accounts and tax returns for self-employed

• Floor plans, site plans, construction permits and full details of property

• Sales & purchase contract

General Fees:

• Fidentia Fee 0.25% of the loan amount on application
                     0.75% of the loan on getting a formal loan offer

• Bank arrangement fee 1% of the loan amount

• Valuation and legal fees generally allow from of 12% for fees and charges