Mortgages in Bulgaria

Mortgages For Property in Bulgaria

Obtaining mortgage finance for your Romanian property is a crucial part of any buyers decision. When investing in Romania the right finance can be the difference between a sound financial decision and one that loses you money. Our independent mortgage advisors understand the difficulty in obtaining the right information and advice needed in terms of Romanian mortgages.

Receive a Bulgarian Mortgage Quote

Our overseas mortgage service stand out from our competitors as we constantly research the world’s international mortgage markets. This enables us to offer unrivalled levels of service and advice. We provide mortgage quotes and advice in numerous destinations and will work hard to find you the best deal for mortgages overseas. if your serious about investing in overseas property see what we can do for you.

Bulgarian Mortgages for Overseas Buyers

Sound advice is essential when financing a property abroad our specialist can help you make an informed decision

Mortgages in Bulgaria

Availability

Mortgages in Bulgaria are fast becoming in line with mortgages in other European countries. Many international banks have branches in Bulgaria which in turn has created competition which is good news for the consumer as this means better rates and terms.

Cost

Banks generally have an arrangement fee of 1% and the early repayment charges are 2% during the first 3 years. Some banks even offer a self certification option.

Application process

Many of the banks have branches in London who do most of the underwriting and procedures. This helps speed up mortgage offers being issued considerably so that it won't hold up any sale.

Buying Property in Bulgaria

Buying property in Bulgaria will mean in most cases that overseas property buyers will need to set up a limited company. The exception to this is when a buyer purchases a leasehold property such as an apartment. In this case you do not own the land and therefore foreign buyers can buy Bulgarian property without the need to set up a Bulgarian registered company.

How to set up a Bulgarian company
Setting up a limited company in Bulgaria is such a normal process that it is now a relatively easy process. Many Bulgarian estate agents will do this for you as part of the service. After all it is to their benefit as buyers cannot proceed without the creation of the company. You will need to consider the cost of this service and like most things it varies from agent to agent.

Once registered your company gives you bargaining power it can put you in an excellent position as you are ready to buy. It demonstrates to the seller that you are a serious buyer that can buy a Bulgarian home relatively quickly.

Your ownership rights are the same as if you bought the property as an individual. Whoever owns the company also owns the land.

These rules are set to change in 2007 after Bulgaria joins the European Union

Bulgarian Property for sale

• Property For Sale Bulgaria

Bulgarian Property

• Property in Bulgaria
• Cheap property in Bulgaria
• Homes Bulgaria
• Bulgarian real estate
• Houses for sale Bulgaria
• Register for Bulgarian property updates
• Bulgarian property finding service
• Living in Bulgaria expats perspective

Bulgarian Resources

 

• Our Mortgage Resources
• FSA - Information - Mortgages
• The Council of Mortgage Lenders
• BBC - Homes - Property - Mortgage