(What is this?)
Home > Bulgaria > Property > News : Bulgaria investors 'should use UK finance'
Not registered?  Join IPIN now FREE   |  Forgot password?

Bulgaria investors 'should use UK finance'

Article Date : Tuesday, March 13, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Investors hoping to buy a property in Bulgaria should consider obtaining a mortgage in the UK in order to get a better rate, a property firm has stated.

Knight International said that although it is possible to get a Bulgarian mortgage, it is not easy to find a competitively-priced deal.

Director Jon Hill said that investors buying off-plan will not be able to get a mortgage from a Bulgarian bank, at least not until the property is at roof level.

This is understandable, he said, because that the lender is merely safeguarding their loan.

However, investors would probably be better off releasing equity in a UK property, "which is easy to actually do and at a better rate".

"That is generally how we recommend people do it," he added.

A recent study by Self-Catering-Breaks found that 20 per cent of overseas property investors prefer a European rather than a British mortgage provider, compared with six per cent who said the opposite.
Listing Separator

Related Articles

  1. Foreign capitals run out of Bulgaria
  2. Bulgaria 'is a good place to invest'
  3. More Britons purchasing Bulgarian currency
  4. Bulgarian real estate companies get out of breath at the stock exchange
  5. Bulgarian farmland funds amass 71 000 ha



Listing Separator

Let us search for you Let Us find Property in Bulgaria for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Bulgaria.
Let us searchHelp me find property in Bulgaria


Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: Bulgaria
Channel: All

More RSS FeedsGo

Prices from only 213,300 EUR

Overlooking Eastern Europe's only PGA credited golf course and 15min from Borovets ski resort. Low money down, 70% mortgages & high rental potential. Bulgaria achieved real growth of over 30% in 2007

View Investor Report >>

View News by ChannelView News by Channel

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo