Hungary

What is covered?

• Purchase of houses, apartments and freehold land are available for individuals.
• Re-Mortgages are available

Type of loans available:

• Capital repayment mortgage
• Interest only mortgages available for maximum 5 years

Loan to Value:

• Upto 85% LTV (depending on the development)
• 70% LTV non-status loans are available
• 70% LTV loans are available for re-mortgage

Interest Rates:

• Euro: starting from 6.30%
• Swiss Franc: starting from 4.40%

Maximum Term & Age Limit:

• 25 years (not more than 75 years old at maturity depending on the lender)

Prepayment Penalty: 0%

• Depending on the lender but is very minimal. Please contact
  Prash Setty - Country Manager for more details

Documents required (not required for non-status mortgages)

• Completed application form
• P60 or 2 years audited accounts if self employed
• 6 months bank statements
• Sales & Purchase Contract with Floor plans and Annexes
• 3 months payslips

General fees to consider:

• Bank Arrangement Fee: Dependant on lender
• Bank Administration fee: € 1200
• Third Party costs: € 900 (approximately)
• FREE ILLUSTRATIVE QUOTATIONS.
• Fidentia Group fee: £595

Other points to note:

• One trip to Budapest is necessary to sign the notarised deed, set up a power of attorney and open up a bank account.

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