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Mortgages |
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DON’T MISS THIS SPECTACULAR OFFER
STC BUILDING GROUP HAS NEGOCIATED AN UNBEATABLE MORTGAGE DEAL FOR OUR CLIENTS WITH AZ ASSET MANAGEMENT Inc. THIS IS A FANTASTIC Opportunity that allows YOU TO INVEST IN Bulgarian property with minimum capital outlay and nothing more to pay for 4 years.
Don’t miss out this offer only applies to the first 50 apartments sold on either development
STC building group are pleased to offer our clients a fantastic opportunity to purchase investment property in Bansko. With minimal capital outlay this is an investors dream.
BUY NOW AND PAY NOTHING MORE FOR 4 YEARS!
AZ Asset management has agreed to grant non-status mortgages on our most luxury development in Bansko- UNIVERSE Casino Golf Ski & Spa complex. This development was selected due to the expected capital growth during and after construction. Along with the guaranteed rental agreement and free quality furniture pack makes this deal unbeatable for anyone wishing to invest in the Bulgarian property market with minimal capital outlay.
Please find list below an example of this offer:
| Purchase |
Studio apartment |
| Price |
24,000 gbp |
| Deposit and first instalment of 40% |
9,600 gbp |
| Mortgage of 14,400 gbp over 7 years the first 2 years payments are covered by the guaranteed rental scheme. |
| The balance of 5 years at a fixed interest rate of 5.9% |
| Therefore for 9,600 gbp first payment |
| up to 60% mortgage the first 2 years payments are made under the guaranteed rental contract. |
The next 5 years you have the option to continue with a guaranteed rental contract or make the mortgage payments your self; the payment will be around 50gbp week.
An exact calculation will be made on application |
Please note
This offer is subject to acceptance and is limited to the first 50 apartments sold.
<< CLICK HERE FOR APPLICATION FORM >> |
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In order to help clients STC Building Group is providing information for the best mortgages for foreigners to buy property in Bulgaria.
At the moment we are working with DSK, United Bulgarian Bank (UBB), Piraeus Bank, Bulbank and First Investment Bank. |
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| Below are the advantageous mortgage packages: |
| The bank is Established in 1992 through the merger of 22 Bulgarian regional commercial banks, the first and most comprehensive consolidation project in the Bulgarian banking sector. |
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 An offer for Mortgage Loans for Foreign Citizens through United Bulgarian Bank |
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Purpose |
Purchase |
Target customers |
Individuals EU , USA and Canada citizens |
Dealer |
Bank branches |
Currency |
EUR |
Selffinancing |
40% |
Minimum loan amount |
7.500 EUR |
Maximum loan amount |
150.000 EUR |
Maximum loan term |
15 years |
Age limit |
23 years minimum
65 years maximum at the end of loan term |
Interest rate |
1,5% for the first year
7,95% standard interest |
Loan management fees |
Single commission of 1% at granting; 0,5% annually of the rest of the Principal |
Collateral |
Mortgage of the property to be purchased
Insurance of the property, covered by the bank |
Insurances |
Life insurance of the borrower, covered by the borrower |
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| Documents, requested from the client, needed to apply for a mortgage: |
| 1. |
Application form |
| 2 |
Income certification documents: |
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2.1 |
For employees working under a labour agreement:
certificate of remuneration and term of labour agreement (bank form); |
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2.1.1. |
Agreement with employer |
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2.1.2. |
Revenue Return form (for the last tax period) |
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2.1.3. |
A bank extract, issued by the foreign bank providing services, for the last six months. |
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2.1.4. |
P-60 form (for the last two years) |
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2.2 |
For incomes not deriving from a labour agreement |
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2.1.1. |
Revenue Return form (for the last tax period) |
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2.1.2. |
An ongoing profits and costs report |
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2.1.3. |
A bank extract, issued by the foreign bank providing services, for the last six months (personal and company accounts) |
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2.1.4. |
P-60 form (for the last two years) |
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| ARRANGEMENT FEE - 500 pounds |
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An offer for Mortgage Loans for Foreign Citizens
through Piraeus Bank |
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Purpose |
Purchase of Bulgarian residential property;
Re-mortgage of Bulgarian residential property; |
Target customers |
UK and Irish residents;
Ex-pats living/working overseas who have a UK bank account/credit history |
Dealer |
Bank branches |
Currency |
EUR |
Selffinancing |
30% |
Minimum loan amount |
40 000 EUR |
Maximum loan amount |
Loans of up to 75% LTV on residential property (for loans over €100,000), 70% (which still applies for loans < €100,000)
No maximum loan amount;
Loans denominated in Euro |
Maximum loan term |
5-25 years |
Age limit |
21 years minimum
70 years maximum at the end of loan term |
Interest rate |
Lower interest rates - typically 5.95%
20% of rental income may be taken into account when assessing affordability |
Loan management fees |
Arrangement fee in amount of 1% |
Collateral |
Mortgage of the property to be purchased |
Insurances |
Insurance of the property /fire, flood, earthquake/ |
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Key features of the service:
 Quick decision in principle, on receipt of the completed questionnaire *
Loan secured by a first charge on Bulgarian property
Bilingual staff |
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| ARRANGEMENT FEE - 500 pounds |
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An offer for Mortgage Loans for Foreign Citizens
through First Investment Bank |
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Loan applicant |
Any local or foreign natural person, possessing (in cases of purchasing of regulated plot of land or an ideal part of integrated plot of land, part of a real estate, the foreign natural person shall be owner of a local company, which shall acquire the real estate) |
Maximum amount |
Unlimited |
Loan currency |
BGN, EUR, USD |
Maximum repayment period |
240 months |
Loan purpose |
Purchase of a real estate |
Grace period |
up to 6 months |
Percentage of the amount, covered by the loan |
up to 80% of the market value of the real estate
up to 70% of the market value of the real estate, having Act 15 |
Collateral |
- Mortgage of the real estate, subject of the purchase deal or other real estate |
Annual interest rate |
5.99% (BIR/EURIBOR/LIBOR+add-on) for the first year of the loan period
from 8% (BIR/EURIBOR/LIBOR+add-on) in cases of financing of up to 70% of the market value
from 9.5% (BIR/EURIBOR/LIBOR+add-on) in cases of financing from 70 to 80% of the market value |
Penalty interest rate in case of default event |
the interest rate agreed + 20 % |
Drawdown |
in accordance with the drawdown plan |
Repayment scheme |
equal monthly instalments after expiration of the grace |
Fee for preliminary documents approval |
50 EUR |
Single management commission |
2 % |
Commission for pre-term repayment |
2 % / 5 % |
Commitment commission |
0.5 % |
Renegotiation commission |
1.5 % |
Life Insurance - an option |
paid by the Borrower |
Real estate insurance |
paid by the Bank |
Incomes of the Loan applicant |
1.50 of the monthly instalment due |
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Documents, needed for certifying the incomes of the Loan applicant/Co-Loan applicant:
Documents, provided by the employer of the Loan applicant/Co-Loan applicant
1. Letter from the employer/employers, certifying the professional qualification, length of service and the annual net income of the Loan applicant/Co-Loan applicant
2. Bank reference, issued by the main servicing bank (recommended)
If the Loan applicant/Co-Loan applicant is not employed under a labor contract:
1. Copy of a letter, issued by certified accountant
2. Bank reference, issued by the main servicing bank
Income, received under lease agreement:
1. Bank reference, certifying the income
2. Lease agreement (recommended)
ARRANGEMENT FEE - 500 pounds |
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