|
Featured Partner
|
|
|
|
News from Creditland
|
|
|
|
|
|
|
|
CREDITLAND - the Bulgarian Mortgage Broker has the mission to help you find the most suitable mortgage loan for you.
From our consultants non-Bulgarian citizens can receive the most complete information about mortgage loans on the Bulgarian market. They could direct you to the best mortgages that would suit your budget. In addition, the consultants are always at your disposal and assist you at every single step of the application process.
CREDITLAND also provides brokerage services to Bulgarian individuals and legal entities looking for mortgage loans and business loans, and works proactively both with local and international investors, who build properties in Bulgaria and sell them to end clients, and real-estate agencies.
CREDITLAND has signed mortgage brokerage agreements with 12 lending institutions, 7 of which offer mortgage loans to non-Bulgarian citizens and to Bulgarians abroad.
Loans are granted for many purposes, such as property purchase, property repair, house building, refinancing of existing mortgage loans, and investment.
Basic features of the loans:
- Loan amount - depends on the bank policy; some banks limit their loan amounts to €150,000, while others do not set limits – the only limitations are based on the Loan to Value (LTV), which is the ratio of the value of the loan that will finance the purchase to the market value of the property, and on the borrower’s creditworthiness.
- LTV - varies from 65% to 80%;
- Loan term - the maximum term for repaying the loan varies between 15 and 25 years;
- Security - mortgage, cash collateral – deposit of min. 12 month instalments (interest and capital including), blocked in the bank’s debt service account, and others.
|
|
|
|
|
|
|
|