International Mortgage News

Mortgages for Foreign Nationals buying property in Greece

The ‘Credit Crunch’ has meant that many banks are now restricting their lending on property in Greece to 50% of the value of the property to foreign nationals.

Whether for an investment or a holiday home, this could be the perfect opportunity. We can currently offer mortgages on Greek property at 90% of the value, 10% Deposit ONLY required.

Arranging a mortgage in Greece :

• Loans available for Purchase, Construction or Home
Improvements
• Loan advance of 90% of the market value of the property
and not the purchase price
• Range of Currencies - Euros, Swiss Francs, US Dollars and
any other currency provided it is funded by the banks
• Interest Rates start from 4.00% in Swiss Francs
• Fixed Rate of Interest available for 3, 5, 10, 15, 20 and 25
years
• Variable Rate Mortgages with no Early Redemption Charges
• Reduced Banking and Legal Charges
• No Valuation Fees
• Maximum loan term 30 years
• Overpayment, Underpayment and Payment Holiday facility,
subject to the terms and conditions of the lender.
• Access to 24 hour Online Banking
• Minimum Documentation for an Application (copy of
passport, latest P60 and payslip or tax assessment, if self-employed)
• Shortened Two Page Mortgage Application Form
• Pre-approval and quotations within hours of an Initial
Enquiry
• Currency Review Switching Service

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, already found your new property, or currently have a mortgage on your Greek 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.