Greece & Cyprus - Mortgage Update
Latest News for Expats buying in Greece & Cyprus (24/11/2008)
During the current economic climate, arranging mortgage finance in Greece is getting tougher.
There are still opportunities out there, but for a foreign national to buy in Greece at the moment realistically you now require a 40% deposit.
If you are thinking of buying in Cyprus, however, there is good news: We still have some great mortgage products available. In most cases we can get mortgages for 70% of the value of the property. For the right client, we can even get mortgages for 80% of the value of the property.
We are able to obtain pre-approval of mortgages for customers, so whether you are at the very early stages of thinking about purchasing a property in Greece or Cypruss, already found your new property, or currently have a mortgage on your home and wish to save money, we maybe able to help.
Want to find out more information, please click contact me via my website: www.international-mortgage-broker.com
Your home or foreign property may be repossessed if you do not keep up repayments on your mortgage. Changes in the exchange rate may increase the sterling equivalent of your debt. Be sure you can afford the repayments before entering into any credit agreement. Any quotation supplied is not an offer of a mortgage. Overseas mortgages are not regulated by the UK Financial Services Authority, you will not be protected by them in respect to advice given.
Tags: Currency, Expat, foreign, Greece, Greek, Lending, Mortgage, Overseas