Mortgages in Greece.
A service from www.MortgageShop.com
the online mortgage information and application processing system.
a Greek Mortgage or Remortgage for territories of Greece need not be a stressful experience, although in many instances
it can be - without the correct advice. At www.MortgageShop.com
we deal with all Greek Banks, all of them with different rates and
criteria. Loan-to-value percentages, range from 50% to 100% dependent on
the bank and whether you are a resident or non resident. The most
popular funding we offer for non residents is up to 80% of the Greek property purchase price, which we
find is rare with
Mortgages in Greece. Residents can often borrow higher amounts.
Some Greek banks we find will only deal with residents of Greece, some
with only non-residents and some offer the mortgage to both groups
through a different percent LTV (loan to valuation of the property in
Greece) and interest rate. The APR can start as low as 4.50% rising to a
staggering 7% in some extreme cases, dependant on circumstances.
of income is often a stumbling block for mortgagees this is due to the
fact that if in the case of you being paid in cash or if your accountant
has worked wonders to mitigate your tax liability, how can you prove to
a bank that you can afford the repayments? This is just one common area
where our advice proves invaluable. Some lenders wont let you rent out
your new property in Greece which is often essential to produce much
needed additional income to help fund your new Greek holiday home or
future retirement home in Greece. We have no problem at all arranging
Greek buy to let properties for temporary or permanent investment arrangements
in Greece up to 80% of the value of the property for
residents and non residents of Greece.