Join our newsletter that highlights new properties for sale in Croatia…
Enter your e-mail address:
There are over 275,000 people from the UK already overseas property owners and this figure is set to climb a lot higher in the coming years according to the Office of National Statistics. Therefore, it is imperative to make the right choice when considering how to finance your overseas property purchase.
In addition to absorbing the information set out in our Croatia Buyers Guide it is most important to study the mortgage facilities available to you as an overseas buyer.
Typical Rate : 5.52% Loan purpose : Residential and Holiday Lets Min Loan : na Max Loan : 70% loan to value or purchase price whichever is the lower Max Age : 65 Term: 20 years Repay method : Capital and Interest. Currency : Euros.
Additonal Info : Net take home pay either joint or single less any liabilities, mortgage, loans, credit cards. Total expenses including Croatian mortgage should not exceed 35% net income. Croatian registered company must be set up.
We are able to assist you with mortgages from over 30 Countries. We are particularly proud to be among the first to offer mortgages in Eastern Europe including Hungary, Czech Republic, Slovakia and Bulgaria with others being added regularly.
Please complete your details at the bottom of this page and one of our specialist advisers will contact you to discuss your requirements.
For all countries we are able to offer an approval in principle service. We will ask you to complete our confidential information form. This provides us with sufficient information about your finances to advise you of the likely hood of obtaining finance.
In some cases we can obtain a formal approval in principle directly from the lender which is particularly comforting for new build purchases where you need to commit to a purchase way in advance of applying for the mortgage.
Decision in Principal Application
If you wish to proceed, we will send you a full application pack. Any required application forms will be pre-populated with the information you have already supplied. We will supply you with a specific document requirements checklist and additional information and tips about your purchase.
Once you have returned you application to us, as well as processing the application, we will provide you with guidance on the whole process. We will monitor your application with the lender closely and provide you with regular updates and explanation of any terms when the offer is produced.
We will liaise with your other chosen professionals to help with your understanding of the complexities of your purchase such as buying through a company, residency permits, taxation issues, life cover assignment etc.
As with the UK, you will be required to insure the property. Many Overseas lenders also insist on Life Cover. In some cases an existing plan may be used if it meets the minimum requirements.
It is important this issue is not left too late, as you may be unable to complete on your purchase until cover is in place, which can sometimes be delayed by requirements for medical information. Our recommended independent advisers can provide specific advice.
£395 on mortgage application and 0.5% of the mortgage (minimum £500) on sucessful completion.
We feature a select few when it comes to reccommending mortgage facilitaors from the UK. This can be an easier way to arrange your finance or mortgage requirements before you begin your search. Listed below are some of the advantages to using some of the companies we reccommend.
Click the below link to receive a quotation on mortgage facilities from over 8,500 UK providers or a select number of overseas banks and mortgage facilitators.
Contact us for specific details