Getting a Mortgage
We are happy to introduce you to lenders in the UK for Bulgarian mortgages. The following conditions typically apply:
Maximum Loan Value 70% – 80%
Interest Rate 7 – 9%
Married Applicants In Bulgaria married partners own the property jointly therefore the property purchase i.e. mortgage application should be in joint names
Limited Companies Should be non-trading and formed solely for the purpose of this transaction
Life insurance Recommended but not mandatory It is possible for UK residents to get a mortgage in Bulgaria at similar rates to the UK.
For information on mortgages in Bulgaria refer to C & I Partners’ “Legal Guide to Buying Property in Bulgaria”.
