A mortgage could be secured on your new property in Greece. For this option a simple Pre-qualification Questionnaire is completed and processed thereby avoiding any unnecessary wasted time and money.
A brief guide to Greek mortgages follows.
1. Eligibility and Criteria
All schemes require full documentary evidence of income – ‘self-certification’ mortgages are not available
2. Affordability
To qualify for a mortgage in Greece, a calculation is used to establish whether you can afford to maintain the mortgage repayments.
Your existing liabilities, including your country’s mortgage or rental payments, council tax, loans, credit card payments and maintenance are taken into account, together with the proposed Greek mortgage payments. All this must not typically exceed 30% of your monthly net income. For example if your net joint income is 3,000€, 30% of this equates to 900€. If your only liability is your country’s current mortgage payment of say 500€ per month, this would leave a balance of 400€ for your Greek mortgage repayment.
The amount that you can borrow is also restricted by the maximum loan to value as mentioned under Eligibility and Criteria.
3. Proof of income requirements
Other documents will be required and will be confirmed when application forms are sent to you.
UK Mortgages
If you require a re-mortgage or second mortgage using your UK home to release equity for the purchase of your Greek property then we can provide you with all the assistance you need through an independent financial advisory service.
Your advisor will have a wealth of experience of advising in the UK mortgage market and will be fully qualified.
The independent financial advisory service will look at your individual case in detail and offer you a no obligation quote free of charge. No fee is payable by you should you decide, for whatever reason, not to proceed.
Please note your home may be repossessed if you do not keep up repayments on your mortgage
Mortgage loans – this is a special form of credit relations, in which the borrower receives a loan at a certain percentage, for a certain period of time and necessarily secured by real estate.
Today, everyone is familiar with the mortgage in Greece, but not everyone knows what the specifics of this loan are.
An up-to-date question on mortgage rates in Greece is being considered. Listeners will be able to find out all about the offers for getting a mortgage in Greece. These programs are becoming more popular and many are now investing in a mortgage in Greece for further processing of residence permit and citizenship.
The official agency of the Greek state, which represents Greece, is an attractive destination for getting a mortgage in Greece. The association actively promotes the “mortgage in Greece” program, which extends to citizens who are not members of the European Union (EU) and investing or buying real estate in Greece worth at least 240 thousand yew. Euro.
The business program did not ignore the topic of mortgage rates in Greece. Interest in this country has grown dramatically in recent years. Specialists will discuss the questions: why is it getting a mortgage in Greece now the most popular destination for Russian buyers?
For more information call + 30 697 432 1294 or email info@karetta-realty.com
