If you are requiring finance to purchase your overseas property, then a company called Conti Financial Services - Licensed Credit Broker, with over 20 years experience in the market, could well assist you. By using the Bulgarian property as security a Repayment mortgage could be raised, depending on individual requirements. Based on the valuation or purchase price, whichever is the lower of the two, of the Bulgarian residential property, applicants can borrow up to 70% for purchases and re-mortgages for Home Improvements. In most cases if the property is an apartment being built Off Plan, funds are not forthcoming until completion and the apartment has been legally registered in your name. The same will also apply for a new house/villa, however, if the land is already purchased and registered in either your name or a Bulgarian Company owed by you, the possibility of Stage Payments may be available on a drawdown basis to construct the property.
YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT. BE SURE YOU CAN AFFORD THE REPAYMENTS BEFORE ENTERING INTO ANY CREDIT AGREEMENT.
