uk re mortgages for bulgarian properties

UK RE-MORTGAGES

  
Steven Knight

Tel: 0793 1747 305
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property loans bulgarian property

BULGARIAN PROPERTY LOANS

  

Piraeus Bank: One of the largest commercial banks in South-Eastern Europe, was established in Greece in 1916.

Piraeus Bank has 277 domestic and overseas branches and a number of subsidiary companies as well as banking institutions in the USA, UK, and the Balkans.

Piraeus Bank’s presence in Bulgaria is constantly expanding and so is the Bank’s knowledge and affinity with the country. The Bulgarian property loans are one more indication of the Bank’s commitment for investing in the country.

For further information, please contact:
mortgages@piraeusbank.co.uk

Tower 42, 25 Old Broad Street, London EC2N 1HQ
Tel: +44 (0)20 7920 6000 Fax: +44 (0)20 7920 6001

Incorporated in Greece with limited liability – Regulated by FSA for the conduct of investment business in the UK.
Branch registration no. BR005808.
BPL 092004

Summary of Terms of Mortgage Loans
 
Loan Purpose Purchase of completed residential property in Bulgaria
Currency EURO
Interest Rate 7.50%, variable
Loan to Value Up to 70% of the valuation or the purchase price whichever is the lower
Term 5-15 years
Minimum Amount EUR 40,000. No maximum
Status Full status only
Borrowers All UK and Irish residents will be entitled to the product as long as they are over 21 years old and below the age of 70 at maturity of the loan. Mortgages are also available to companies against the personal guarantee of the company’s UK beneficial owners. Other terms may apply for company loans.
Loan Security 1. First ranking mortgage on financed property in Bulgaria
2. Pledge over company’s assets (for company loans)
3. Personal guarantees of beneficial owners (for company loans)
Repayment Method Capital and interest, in equal monthly instalments
Early Redemption Charges For redemption of the mortgage within 3 years of completion an early redemption fee will be charged. This fee will be 3% in the first year following completion, 2% in the year 2 and 1% in year 3 of the outstanding balance of the loan
Arrangement fee 1%
Building Insurance Fire, Flood and Earthquake
Life insurance Not required
Fees The borrower will also be subject to legal fees and costs, as well as administration and
valuation fees
   
All information is correct at time of going to press, all information can be subject to change
YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP THE REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.

PREMIER ESTATES: FREEPHONE 0800 970 7991
 

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