Real Estate Blog Croatia June Archive

Mortgages in Croatia

By William at 06/10/07 05:36

For Buying Property in Croatia Interest rates start at 4.4% and the options of Euro (€) and Swiss Francs (CHF) are readily available. With a Maximum Loan to Value (LTV) of 60% therefore a 40% deposit is needed for each purchase.

Terms of up to 15 years with maximum age on completion of 65 years are available. With a product this good it is very appealing to investors. Specialist advisors will guide the buyer from the initial enquiry through to the offer and successful completion of your mortgage.

As part of the banks requirements two bank accounts have to be opened. One of these will need to be in the buyer's currency and the other would need to be Croatian Kuna.

Other mortgage requirements:

• Confirmation of the employee on permanent employment and salary Last 3 pay slips, translated by a certified court interpreter and verified with a public notary
• Confirmation of the domicile bank on the account balance, translated by a certified court interpreter and verified with a public notary
• Preliminary agreement or sales agreement (prior to the utilization of the loan, the original copy of the sales agreement, verified with a public notary on the side of the seller, must be delivered to the Bank)
• The excerpt from the land register for the real estate to be pledged and which is to be purchased from the loan must not be older than 30 days
• The real estate, on which the mortgage is established, must be entered in the land register.