Overseas Mortgages - Frequently asked Questions

 

How much can i borrow?

Your maximum loan amount depends on the lending terms of the country and the independent valuation of the property. Generally, the lenders will give a percentage of the valuation. For example 70% of the value currently available for Hungary.

What interest rate will i have to pay?

As with the lending terms, the interest rate available depends on the specific country. The individual country interest rates page will give you a matrix showing the current rates payable by country. These change with the interest changes in the particular country, and also are updated as we re-negotaiate better terms with the lenders on your behalf

How long will i have to wait for the funds?

The money is generally made available within 8 weeks of the agreement and purchase contract. We require a number of documents to be signed and returned which, if satisfactory, will lead to the release of the funds.

What documentation will be needed?

The documentation required is as follows:

• Copy of your passport

• 6 Months bank statements showing your credits

• Proof of income (P60 + payslips)

• Copy of credit report

• Utility bill (recent)

• Lawyers details

• Signed Confidential Information Form

• Signed Risk Disclosure Declaration

• Signed independent mortgage and financial advice

• Copy of Sales Contract

• Proof of deposit (bank statement showing where the money was held before being paid to developers)