Mortgages in Bulgaria | Overseas Property Mortgages

Buying a property in Bulgaria with a Bulgarian mortgage is now readily available and there are a number of lenders in the market place now compared to only 12 months ago when getting a Bulgarian mortgage was virtually unheard of.

Mortgage rates typically start from around the 7% mark and the application process is relatively straightforward. Check out the details below for further information on applying for a mortgage in Bulgaria.

However, there is also an alternative to taking out a Bulgarian mortgage - many people have taken to raising funds on their UK property in order to buy their property in Bulgaria using cash - although initially cheaper and probably less hassle it does raise your UK mortgage payments and your home may be at risk if you fail to keep up any mortgage repayments on it.

Whichever method of funding you choose be sure to seek the right advice.

• Submit mortgage enquiry (window pops up)

Typical Rate : 7%
Loan purpose : Residential purchase and investment.Land purchase. Equity release.
Min Loan : 25,000 Euros
Max Loan : 70%to 75% of the property’s purchase price or valuation (can take the higher within reason)
Term : 5-25 Years available
Max Age : 70
Repay method : Capital and Interest.Interest only 10 years.
Currency : Euro
Additonal Info : Your loan is based on your joint net take home pay. All your existing liabilities including any mortgage/rent payments, personal bank loans, credit card payments etc together with your proposed Bulgarian mortgage payment must not exceed 50% of your net monthly income.

• Submit mortgage enquiry (window pops up)