 Two years ago, Bulgarian Properties was one of the first real estate agencies in Bulgaria to start offering foreign buyers a Bulgarian mortgage. At that time, mortgages were still in their infancy, there was only one choice of lender and getting a mortgage was time consuming and expensive.
Today, things have moved on considerably and getting a Bulgarian mortgage really couldnt be easier. After extensive research, Bulgarian Properties has chosen two of the biggest lenders in Bulgaria to form partnerships with and is now in the unique position of being able to offer a choice of mortgages while still maintaining the lowest fees in Bulgaria.
Whether you are buying an off plan apartment, house in the country, plot of land or even a hotel, well have a mortgage to suit you.
For more information, please contact our mortgage specialist Sergey Pelovski directly.
The United Bulgarian Bank was Established in 1992, through the merger of 22 Bulgarian regional commercial banks. It was the first and most comprehensive consolidation project in the Bulgarian banking sector. UBB was Privatised in 1997, the first privatisation of a large state-owned Bulgarian bank. It holds a full banking licence for domestic and overseas banking and financial operations.
To calculate monthly mortgage repayments, use this mortgage calculator
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Max Loan value
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70% of
property price
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Interest Rate
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0.90% for year 1 then 8.15% for the remainder or 6.7% for entire period.
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Currency
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Euros
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Term
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20 years maximum
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Loan amounts
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7,500 EUR min 150,000 EUR max
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Total credit limit
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150,000 Euros (if eligible)
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Available to
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EU, USA or Canadian Citizens
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Repayment method
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Repayment only
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Banks Arrangement Fee
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1% of loan upon signing and 0.5% annual charge
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Banks Legal Fee
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40 Euros
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Valuation fees
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100 Euros (approx)
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Insurance
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Covered by the bank
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Redemption
penalties
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5%
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Staged payments
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Only upon reaching shell stage
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Bank Account
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required
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For more information, please contact our mortgage specialist Sergey Pelovski directly.
Enquiry Form
If you would like to apply for a mortgage product, please click here to fill in the form.
The documents you will need to submit vary from lender to lender, but as a rule, you will have to supply at least the following:
Copy of passport and proof of permanent address
Certificate of marital status (wedding or divorce certificate) if applicable
Bank statements from the last 6 months
Pay slips from the last 3 months and a referral letter from your employer
Referral letter from your bank
Two most recent P 60 tax declarations
Self employed applicants will also be required to supply copies of their most recent tax return.
Documents will need to be legalized according to your countrys official procedure.
The property documents required (from your agents) are as follows:
Title deeds
Preliminary contract
Document showing the taxation value of the property
Certificate showing the property is free of any encumbrances
Additional documents may be required, depending on which lender you choose.
Our Charges
Apart from the charges indicated by each lender, Bulgarian Properties charge a fee of 300 Euros (₤200) which will cover all your legal, administration and document fees in Bulgaria. For clients buying property though an agency apart from Bulgarian Properties, we charge 500 Euros (₤340). There will also be a government tax of around 150 Euros (₤100) payable to a Notary upon signing the mortgage agreement.
Our fee is payable when your application is submitted. If the application is refused, or you change your mind, we reserve the right to withhold 120 Euros (₤80) as an inconvenience fee.
For more information, please contact our mortgage specialist Sergey Pelovski directly.
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