Latvia

What is covered?

Purchase of houses, apartments and freehold land are available for individuals.

Type of loans available:

• Capital repayment mortgage
• Fixed rate mortgages are available for up to 5 years
• Interest only mortgages are available for 6 months only during construction period

Loan to Value:

• Maximum Loan to Value: 80%

Interest Rates:

• Euro:4.49%

Maximum Term & Age Limit:

• 20 years (not more than 65 years old at maturity)

Currencies Available:

• Euro, USD or LVL

Documents required

• Income confirming document
• Reference from employer
• Bank reference letter
• Completed application form

General fees to consider:

• State duty for ownership change 2%of total purchase price
• State duty for loan 0.1% of loan amount
• Notary Expenses € 243
• Registration of mortgage € 14.50
• Registration of ownership € 13