Mortgages in Belgium
Mortgages for Property in Belgium
Mortgages in Belgium, Mortgages for property in Belgium
Buying property in Belgium as an investment second home or for relocation.Our specialist mortgage brokers specialise in obtaining the best mortgage products in Belgium, receive free advice , mortgage finance available in your own country.
Eligibility for a mortgages in Belgium
Buyers requiring mortgage finance for Property in Andorra can obtain a Belgium mortgage quote. Our qualified brokers will give mortgage advice concerning the best way to fund overseas property purchases. Including remortgages in your own country .
Mortgages in Belgium |
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*LTV = Loan to Value
The percentage relationship between the amount of the loan and the appraised value or sales price (whichever is lower).
Belgium mortgage quote here!
Are you a serious buyer looking to purchase property in Andorra and are ready to move forward with your purchase? if so we can provide you with an Belgium mortgage quote
About Mortgages for property in Belgium
Lending is based on affordability and does NOT allow for rental income from the property. All existing liabilities including any mortgage/rent payments, personal and bank loans and any maintenance (ie. Divorce) payments together with your proposed Belgium payments must not exceed 35% of your net monthly income.
Types of Mortgage: Repayment only
Minimum: €30,000 loan amount - No Maximum, but must not exceed 70% of valuation or purchase price (whichever is the lower)
Proof of Income: Required in all cases. Mortgages need to be supported by a minimum requirement of proof of income, i.e. if employed – copies of your last six month’s payslips & copies of your latest two P60’s together with copies of your last 6 month’s Personal Bank Statements. Alternatively if you are self-employed – copies of your last three years Audited Accounts & copies of both your last 12 month’s Business and last 6 month’s Personal Bank Statements will be required on application. Non-Status loans are currently not available.
Term: 20 years up to age 65
Currency: Euros only
Current Variable Interest Rate: from approx 3.50%
Example for Belgium Euro Mortgage: Repayment mortgage of approx €100,000 over a period of 20 years at an interest rate of approx. 3.5% = approx €580 capital and interest per month = a total approximate amount payable over the term of €139,200 excluding other fees.
Belgium quick facts
Full Name Kingdom of Belgium
Capital City: Brussels
Area: 30,510 sq km,
11,780 sq miles
Population 10,400,000
Time Zone GMT/UTC +1 ()
Daylight Saving Start last Sunday in March
Daylight Saving End last Sunday in October
Languages Dutch (official)
French the accepted language in the south. Brussels, stuck in the middle, is one of the world's few officially bilingual capitals.
French (official)
French speakers live in Wallonia in the south.
German: (official)
Religion: 75% Roman Catholic
Currency :Euro (€)
Electricity: 230V 50HzHz
Remortgaging in your own country?
Overseas property buyers have a number of options available to them depending upon personal circumstances these include:
Raising finance at home
Cash purchase
Using local overseas mortgage lender
Securing an overseas mortgage with an international mortgage provider
Use local financing from a developer
Our Mortgage Brokers will help you with expert advice.