As with most of the sectors within the Bulgarian economy, banking and specifically, mortgage and loan facilities, have come a long way over the last five years. Probably the mortgage industry has been one of the fastest developing sectors in Bulgaria over the last few years. The EU Accession of the country in January 1, 2007, has strengthened the credit ratings of Bulgaria and opened the doors to foreign banks to expand in Bulgaria. Additionally, the local banks have started to accelerate their operations to meet the competitiveness which exists nowadays in the banking industry across Europe, and worldwide. Consequently, that reflects the reduction of interest rates and improvement of banking services. In tandem with the property boom today, some of the largest international mortgage lenders and European banks are now providing their services and products across the country, and the Balkan region in general.

Today, the majority of bank institutions in Bulgaria have eased the requirements for mortgage loans and have launched a series of very attractive mortgage products that will help further the property industry in Bulgaria. Locals and foreigners can apply for housing or investment Euro loans at competitive rates with a long repayment period.

Specifically, mortgages are available for EU, USA and Canada nationals /and non-EU nationals on a case basis/ for either home purchase or re-finance for home improvements. Mortgages are used usually by investors intending to increase their property portfolio without paying the entire value of the purchase up front or by individuals with limited financial capabilities.

At Best of Bulgaria, we have proudly established special, long term relations with some of the leading and well known banks in Bulgaria which enables us to provide the best possible loan assistance to our Clients and Associates securing the most competitive terms available at the time. We will offer you the best financial advice we can, to ensure you are provided with the right mortgage product for your individual circumstances.

Why obtain a mortgage in Bulgaria?

1. Economic stability and further developing of the bank system.
2. Strong bank competition reflecting in reduction in mortgage interest rates.
3. Earn profits by making alternative use of your money.
4. No additional collateral requirements - the only collateral needed is the property you are buying itself.
5. Increase your money protection - an independent Valuer, will evaluate your property in order to ensure the bank that it acts as suitable collateral for the loan.
6. Simple procedure, flexibility and personal expert advice - our staff will handle all legal and banking administration on your behalf FREE of charge.
7. Commonly an LTV mortgage of 70% can be raised, but on a case for case basis 80% has been possible.
8. Standard repayment of capital and interest over 10 to 25 years average 6.2% interest.
9. Applicants must be between 21 and 65 at the time of maturity of the loan.
10. Early redemption 5% fee.
    

For more information you can contact our Mortgage Advisor, Ivelina Stoeva, at: marketing@bestofbg.com , 0035952699893.

Thank you, and be assured, ‘We are with you every step of the way' .