Learn More About Buying Property in Bulgaria and Bulgarian Mortgages...

Bulgarian Mortgages

 Includes Bulgarian residential property. Please note, that if the property is being built, funds are not available until completion and the property has been legally registered in your name.

Loans available for UK and Irish Nationals (and non-UK Nationals on a case by case basis) for either House Purchase or re-financing for Home Improvements. Mortgages for other purposes may also be considered - contact us for further information.

Type of Loan: available on a Repayment basis only

Minimum: € 25,000

Maximum: must not exceed 70% of valuation or purchase price (whichever is the lower).

The maximum amount of loan that you can get is based on your joint net (after tax) income and is calculated on an “affordability” basis. All your existing liabilities including any mortgage/rent, personal loans, credit card payments (minimum monthly payment if the balance is not cleared on a monthly basis) and any maintenance payments together with your proposed Bulgarian mortgage payments must not exceed 40% of your net monthly income.

Example:
Net joint monthly income = £3,000
Total liabilities = £600 rent per month + £200 loan repayment per month = £800 per month
Amount available for Bulgarian loan repayment = (£3,000 X 40%) – (£800) = £400

Proof of Income: required in all cases (can be made up of Earned Income, Pension, Investment or Rental Income. Please note however, it is not always the case that the Lender will take all or part of these Incomes into account when determining the maximum loan available). Non-Status loans are currently not available.

Term: Maximum 20 years - up to age 70  

Currency: Euros only