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Bulgaria Property Investment - Getting A Mortgage in Bulgaria
Until recently it was nigh on impossible for an individual to obtain an mortgage for an property investment in Bulgaria.
However, now in conjuction with Credo Consult, PPI can help you get a mortgage to enable you to invest in the lucrative Bulgaria
property market.
Getting a Mortgage in Bulgaria with Credo Consult
Credo Consult is among the first consulting companies in the area of mortgage loans in Bulgaria.
The company is part of Industrial Holding Company, a private investment holding that was formed after
the privatization processes in the country. Now we can offer for the first time on the market - mortgage loans to foreigners
from a bank in Bulgaria, a unique product that will open new opportunities for buying a second home in Bulgaria or purchasing an investment real estate.
If you are buying real estate in Bulgaria and would like to qualify for a mortgage loan, Credo Consult will offer a program, financed by a renowned bank.
Loans for foreigners, purchasing a second home or rental investment property in Bulgaria.
Your benefits from working with us:
- No bureaucracy;
- Short period for loan approval;
- Flexible loan repayment schedules;
- Mortgage loans are specifically designed for foreign investors in Bulgaria and
we are specialized in servicing that client group;
- Opportunity to start “building” your credit history in Bulgaria and
expand your investing capability;
- Invest in Bulgaria without limiting your access to funds in your country;
- High capital gains in real estate market in Bulgaria, many times exceeding the cost of the borrowed funds.
Customers will be offered personal quote with regard to property and income stated, as well as the
property to be secured.
The purchased property can be mortgaged to secure the loan. It may be a house, apartment, commercial
premises, etc., which must be completed and with issued valid Use Permission Certificate.
Currently two Bulgarian Lenders are granting non-Bulgarian nationals mortgage loans. In order to provide
its customers wide variety and best service Credo Consult has established co-operation with both Lenders.
Mortgage (Lender 1)
- Type of Mortgage: available on a Repayment basis only.
- Purpose: Acquisition of immovable property in Bulgaria.
- Loan To Value: Up-to 65%
Discounted Rate Mortgage
A variable rate mortgage that's discounted by a certain percentage until a pre-agreed date.
| Discounted Rate | Ongoing rate after initial discount period |
| 1 year discount 6.67% | 8.10% |
| 3 year discount 7.67% | 8.10% |
| Currency: EUR, BGN |
| Bank account: 12 month mortgage payment held on deposit. |
Fixed Rate Mortgage
The interest rate will be fixed for a specified period of time and will not change until an agreed date.
| Ongoing rate (current rate) |
| Throughout the whole term 8.99% |
| Term: up-to 15 years. |
| Currency: EUR, BGN |
| Bank account: 12 month mortgage payment held on deposit. |
Proof of Income: Can be made up of Earned Income, Pension, Investment or Rental Income.
Please note however, it is not always the case that the Lender will take all or part of these Incomes into
account when determining the maximum loan available.
Mortgage (Lender 2)
- Flexible loan repayment schedules matching any seasonal income.
- Without dedailed income investigation.
- Available on a Repayment basis only.
- Proof of Income: Signed statement on the basis of the completed Application Form.
- Loan To Value: up-to 50%
- Loan Amount: up-to 100 000 EUR with a minimum of 5 000 EUR
- Property Location: Properties in Sofia, Plovdiv, Black Sea Coast resorts and
towns, as well as the three largest winter resorts – Borovetz, Bansko and
Pamporovo. Properties in other locations shall be reviewed case by case.
- Key point in determining the amount of the loan is the property status
(location, description of finishing details - flooring, insulation, heating,
telephone connection, doors and windows, etc., potential income from it).
- Term: up-to 20 years
Currency: EUR, USD
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