About Eurosilex Mortgage Assistance

Acquiring a Bulgarian property with a mortgage is the best and easiest way to increase your investment returns. Having understood this principal, Eurosilex has been actively negotiating with Bulgarian Banks to get the best possible mortgage rates when buying a property overseas. We are proud to announce a success! We can now propose under market value mortgage rates to our clients when purchasing Eurosilex Properties and therefore already assure a gain for you. Due to the language barrier, Eurosilex also decided to propose a full package to its clients; our team of professional mortgage brokers will search the different products available in our system to present to you the offer which will best suit your needs. And to make it even better, Eurosilex engages itself not to take any fees for this organization and any commission given by the bank will be put towards further reducing your monthly payments. Our Bulgarian Partners have decided to follow the same guidelines and no fees will be paid if you do not receive a mortgage in Bulgaria.

Buying a home abroad could vary from the way you purchase a home in your own country. Therefore you need a professional assistant to guide you through every step in making a secure investment and avoid all the pitfalls and risky situations. Eurosilex Mortgage advisors are available for you to define exactly how much you can borrow from a Bulgarian lender, depending on your individual circumstances – the yearly income, employment status, credit history, outgoings, whether you are buying alone or with a partner.

Our professionals will deal with all the necessary calculations for taxes and fees, relevant paper-work, negotiations with the lender and correspondence with institutions involved. Of course our advisors will coordinate their activity according to your own wish and requirements. We will take in consideration all the aspects of the clients’ case and the current offers from the banking institutions. We will try to match the interests of both sides – the lender and the borrower and speed up the application process. We believe that with our intermediation you have got a much better chance for a successful Mortgage Loan application compared to the situation when you decide to shop around individually, because finding the right mortgage can be tough. We recommend to you our services which will take all the stress away from you, so you can focus on more important activities of your daily life.

Let us consider instead of you all the factors (whether the mortgage includes early repayment charges if you choose to move your mortgage to another lender; any fees you may have to pay if you switch mortgage with the same lender; any application fees; the ability to make under or overpayments; cashback or other offers; and whether you will still be able to afford the repayments once a fixed or discounted rate is over) which will play an integral part of the decision making process.We will definitely come up with options and you will have the final word to decide.

Our team is in close cooperation with Bulgarian banks and we will provide you with a pre-approval within 24 hours. This is not a definite commitment to lend but it will give you a general idea of the situation.For your convenience we have presented a step by step explanation of the application process. You can also use our budget planner to help you work out how much you can afford to pay each month or simply click on the Get a Quote button, fill in the mandatory information fields and one of our devoted advisers will handle your case and assist you.

Eurosilex Mortgage Features

• CURRENCY: EUR,BGN
• TERM: MAX. 20 YEARS
• UTILIZATION: 3 weeks for review,assessment,approval and technical completion of the deal.
• REPAYMENTS: Annuities - decreasing interest payments and constant principal.
• LOAN TO VALUE: Up to 65% of the market value of the property.
• INTEREST RATE: From 6.50% for the 1st year, variable thereafter for loans in EUR.
• COLLATERAL: Mortgage on a real estate with market value to secure loan amount. Cash Collateral -6 months deposit/interest and capital/ . Upon request from the client, the amount is to be reconsidered every year.
• REQUIREMENTS FOR LOAN
  • AGE: 63 male/60 female at maturity of loan.
  • AFFORDABILITY: BG MORTGAGE REPAYMENTS < 30%NET INCOME
• SPECIFIC REQUIREMENTS: Mortgaged Property need to be rough roof - Act 14. Delegation between borrower and legal representative by Letter of attorney-designed by UniCredit Bulbank. Life insurance-recommendable, property insurance - compulsory.
• REDEMPTION PENALTIES: 5% if loan is repaid with re-finance from another bank, 0% if repaid with personal funds.
• FEES
  • FOR LOAN REVIEW: Below 25 000 Euro - 37,5 EUR/ above 25 000 Euro - 75 EUR.
  • MANAGEMENT FEE: For 1st year - 1% of the granted amount; for each next year - 0,2% of the remaining amount on the principal.