The growing global interest in this beautiful country and what it has to offer tourists in search of both summer sun and winter fun has led to a boom in demand for short term rental accommodation which in turn has led to a boom in potential real estate generated income for investors.
If you’re interested in securing yourself an income from your next investment maybe you should be considering buy to let in Bulgaria. Because the property market is very young, certain aspects of it are quite immature, and this had included the mortgage and property finance aspects of the market. That was until Bulgarian Home Loans came along!
Bulgarian Home Loans is a UK-based company specialising in securing buy to let mortgages in Bulgaria for Britons interested in entering the booming property market - whether purely for investment purposes or for a holiday or second home overseas. The company is established on the back of the successful UK based Simplicity Financial Services company and has a wealth of experience in securing the provision of property finance both at home and now overseas.
Those interested in the potential of Bulgaria and interested in purchasing property - whether already established residential or off plan units - can apply for a buy to let mortgage the basic terms of which are : - 70% loan to value repayment mortgage up to a maximum of EUR 200,000 repayable over a maximum term of 20 years with a variable rate of interest which is around 7%. There is an arrangement fee of 1.3% of the value of the loan and a loan can be agreed in principle before the full application is completed to allow buyers to profit from a quick decision. The mortgages are being offered based on affordability and not current income which means you can take into account the projected rental income from your buy to let property for the sake of the mortgage. |
All in all Bulgarian Home Loans have researched the market well and
have discovered the exact type of finance that is so hungrily required.
The finance product they are able to offer has been structured in the
same way as a traditional British buy-to-let mortgage, and therefore
it is a product with which their clients will be entirely comfortable.
If you would like to know more about the mortgage services available
in Bulgaria - from buy-to-let mortgages to status-based mortgage - feel
free to contact mortgages@BulgariaProperties.net.
Information courtesy of Shelter
Offshore Investment Publishing
Full details about the ‘Super Borovets’ project, price madness
in Bansko, golf developments in Bulgaria, and new apartments in Bansko and
Borovets can be seen at the Bulgaria Properties Ltd web site www.BulgariaProperties.net.
You can e-mail questions to advice@BulgariaProperties.net,
or, if you have no Internet connection, call the company (in UK) at 0871 226
2296 to order a free 30-page hand-out, or just for a chat, if you prefer. They
always have time for you.
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