Greek Mortgages for European and non European citizens
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
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
If you are employed:
If you are self-employed:
Other documents will be required and will be confirmed when application forms are sent to you.
Please note your home may be repossessed if you do not keep up repayments on your mortgage
For more information call + 30 697 432 1294 or email email@example.com