Mortgages
Bulgarian Mortgages
Knight International are able to recommend mortgage lenders who will be able to advise as to whether it is viable for you to make an application for a mortgage in Bulgaria.
Points you should consider are:
UK Mortgages
There are currently only a few mortgage lenders that will assist with financing property in Bulgaria. A cheaper option may be to look to raise the capital in the UK instead.
Knight International are able to recommend mortgage lenders who will be able to advise as to whether it is viable for you to make an application for a mortgage in Bulgaria.
Points you should consider are:
- Mortgages are available for off-plan properties once they reach roof level stage of construction
- Mortgage companies will lend up to 70% of the declared notary value
- Interests rates are usually between 6.5% and 7.5%
- Mortgages terms are up to 20 years only
- Arrangement fees are between 1000 - 2000 euros approx
UK Mortgages
There are currently only a few mortgage lenders that will assist with financing property in Bulgaria. A cheaper option may be to look to raise the capital in the UK instead.
This buyer’s guide is compiled to the best of our knowledge and in good faith. E&OE
