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Typical Rate : 8.55%
Loan purpose : Residential and Holiday Lets
Min Loan : n/a
Max Loan : 50% loan to value or purchase price whichever is the lower.
Term : 10 years
Max Age : 65
Repay method : Capital and Interest
Currency : Euros
Additonal Info : Net take home pay either joint or single less any liabilities, mortgage, loans, credit cards. Total expenses including Croatian mortgage should not exceed 35% net income. Croatian registered company must be set up.
Our Niches.
At Connect Overseas, we are able to assist you with mortgages
from over 30 Countries. We are particularly proud to be among
the first to offer mortgages in Eastern Europe including Hungary,
Czech Republic, Slovakia and Bulgaria with others being added
regularly..
Where do you start?
Please feel free to telephone us to discuss your requirements
and concerns. One of our specialist advisers will be pleased to
talk you through all your options.
Approval in Principle.
For all countries we are able to offer an approval in principle
service. We will ask you to complete our confidential information
form. This provides us with sufficient information about your
finances to advise you of the likely hood of obtaining finance.
In some cases we can obtain a formal approval in principle directly
from the lender which is particularly comforting for new build
purchases where you need to commit to a purchase way in advance
of applying for the mortgage.
What happens next?
If you wish to proceed, we will send you a full application pack.
Any required application forms will be pre-populated with the
information you have already supplied. We will supply you with
a specific document requirements checklist and additional information
and tips about your purchase.
During the purchase
Once you have returned you application to us, as well as processing
the application, we will provide you with guidance on the whole
process. We will monitor your application with the lender closely
and provide you with regular updates and explanation of any terms
when the offer is produced. We will liaise with your other chosen
professionals to help with your understanding of the complexities
of your purchase such as buying through a company, residency permits,
taxation issues, life cover assignment etc.
Additional Services
As with the UK, you will be required to insure the property. Many
Overseas lenders also insist on Life Cover. In some cases an existing
plan may be used if it meets the minimum requirements. It is important
this issue is not left too late, as you may be unable to complete
on your purchase until cover is in place, which can sometimes
be delayed by requirements for medical information.
Our recommended independent advisers, can provide specific advice.
Their Fees
£395 on mortgage application and 0.5% of the mortgage (minimum
£500) on sucessful completion.
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