Which EU countries have the cheapest mortgages or where it is profitable to buy a home on credit?
For many people, mortgages and long-term loans are the only way to get their own home. It is important to keep in mind that the interest on such a loan is stable over time. Find out which European countries have the cheapest and most expensive mortgages
Which European Union countries have the lowest mortgage interest rates?
Getting a mortgage in Malta
What are the conditions for getting a mortgage in Malta?
- You must be at least 21 and not more than 65 years old;
- 30% of the funds are paid initially, and 70% of the loan is issued;
- the minimum mortgage term is 9 years and the maximum is 30 years;
- there is a possibility of interest-free early repayment;
- the only currency for mortgages is the euro;
What package of documents do I need to collect to get a mortgage in Malta?
1) Purchase agreement;
2) Real estate insurance contract;
3) Borrower's life insurance contract for the entire loan term;
4) The borrower's income statement (the income must be three times the monthly deductions for the planned loan);
5) Written consent of the other spouse to the mortgage;
6) Bank statement for the last year with a description of all transactions.
7) A copy of the passport.
8) A copy of the foreign passport.
How to get a mortgage in Bulgaria?
Mortgages for Ukrainians in Bulgaria are issued by 7 banks, including UniCredit, Alfa-Bank, DSK-bank, Postbank, Bulgarian-American Credit Bank and others.
Stages of obtaining a mortgage to buy a secondary market apartment in Bulgaria
1) Choose an object and book it: the search for an object is carried out independently or through a realtor, and there is no licensing system for the latter - trust only trusted specialists; the reservation involves a transfer of about 2-3 thousand euros.
2) Choose a bank and collect documents.
3) Apply for a mortgage loan - you can do this in person or delegate an authorised representative by power of attorney.
4) Approval of the application - the procedure takes about 1.5-2 months, during which time all the necessary related procedures are carried out: real estate appraisal, signing of an insurance contract, notarisation.
Package of documents for obtaining a mortgage in Bulgaria
- a copy of the passport
- a copy of the foreign passport;
- certificate of marriage or divorce;
- income statement for the last tax period;
- certificate of payment of taxes for the last tax period;
- salary certificate from the main place of work;
- bank statement on the movement of funds in the account for the last six months;
- an extract from the Unified State Register of Real Estate with information about the real estate owned and the absence of encumbrances on it;
- certificate from the credit history bureau + letter of recommendation from the Ukrainian bank of which the person is a client (IF REQUIRED)
Where are the highest mortgage rates in the EU?
According to the Credit Information Bureau, Poland has the highest mortgage rates in the European Union. As of September 2024, about 4 million residents of the Republic of Poland have an active mortgage loan.
What mortgage rates do other EU countries have?
To check the owner of the property, the realtor, draw up a purchase and sale agreement and prepare the necessary package of documents (we remind you that they differ slightly in different EU countries), please contact Visit Ukraine's real estate specialists. You will be able to quickly get qualified legal assistance and be sure that the mortgage will be successful.
Photo: Judicial and Legal Newspaper
Want to know more? Read the latest news and useful materials about Ukraine and the world in the News section.
Ihor Usyk is the Head of Legal Department at Visit Ukraine
Are you planning to buy real estate abroad? Order legal advice from a team of experienced lawyers. The specialist will help to understand all the intricacies of foreign legislation and solve organizational issues.
Do you have additional questions? Contact the Visit Ukraine hotline (Telegram | WhatsApp)
Our recommendation for a safe and comfortable trip:
Visit Ukraine Insurance - insurance for a safe stay abroad without unnecessary expenses;
Green Card - compulsory car insurance for traveling abroad;
Visit Ukraine Tickets - book tickets for buses, trains, and airplanes to/from Ukraine and between cities around the world;
Private Lawyer service - professional legal support on visa and migration issues;
Visit Ukraine Merch - buy patriotic clothing and accessories with worldwide delivery.
© 2018-2024, Visit Ukraine. Use, copying or reprinting of materials on this site is permitted only with a link (hyperlink for online publications) to Visit Ukraine.
All rights reserved.
Häufig
gestellte Fragen
Which European countries have the cheapest mortgages?
What are the restrictions on buying a home in Malta?
Can a foreigner rent out a property in Malta?
What is the growth in housing prices in Malta?
What is the age threshold for obtaining a mortgage in Malta?
Where are the highest mortgage rates in the EU?
Recommended articles
2 min
FinanceThe Norwegian Refugee Council (NRC) in Ukraine has opened a call for applications for financial assistance for victims. Find out how to apply and receive support
16 Sep. 2024
More details2 min
FinanceAccording to the Tax Code, Ukrainians who are abroad and have income but have permanent residence in Ukraine are residents of Ukraine. This means that they must file a tax return. We will explain in detail how to do this, who is obliged to pay taxes twice and what fee will have to be paid in any case
18 Sep. 2024
More details1 min
FinanceTax increase in Ukraine: Rada committee approves draft law for repeated first reading
In July, the Verkhovna Rada of Ukraine sent back a draft law on changes to tax legislation for revision. Find out which categories of the population are expected to face tax increases and in what amounts
16 Sep. 2024
More details2 min
BusinessUAThe grant programme for own business has been expanded: who can now get money for business
Now one more category of Ukrainians will be able to get a grant to start their own business. Find out who and how can open their own business, and how much the state allocates for it
15 Sep. 2024
More details