Mortgage Products » Mortgage Products » Romania
Romanian Mortgage Product
| Currency | EURO |
| Interest Rates |
EURO (6.0% above EURIBOR 3M) |
| Repayment method |
Repayment Mortgage Only |
| Term | Up to 30 years |
| Ages | Last installment to be made at the age of 70 in case of co-debtor. 67 in case of single applicant. |
| Loan To Value |
75% LTV |
| Loan Amounts | No limit subject to affordability |
| Mulitple Properties | No but can be exceptions |
| Nationalities | All foreigners – prefer UK |
|
Remortgage available |
Yes |
| Calculations of affordability | Based on a debt to income ratio up to 60% |
| Documents needed |
12 months payslips Last P60 Passports Marriage Certificate if applicable Letter from employer (Strict Template Required upon request) Credit report (Equifax or Experian) 2 Year tax calculation and declaration issued by HM revenue and customs. - Only for Self Employed |
| Ltd Companies | No |
| Redemption penalties |
0% |
| Staged Payments | No |
|
Bank Account |
Current Account with lender |
| Online Banking |
Yes |
| Notes |
Married Couple must apply together Properties purchased in LEI, loan amount determined by currency conversion of the Romanian National Bank on the day of final transfer. |
| Insurance | Building Insurance is mandatory Life insurance advised |
| Number of applicants |
4 (More applicants acceptable in exceptional circumstances) |
|
Valuation Fee |
€100 |
| Bank Arrangement fee | 2.5% of loan amount |
|
BLF Engagment Fee |
€30 |
|
BLF Application Fee |
€650 |
|
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|
BLF Completion Fee |
1% of loan amount (minimum €700) |
|
POA + Apostille |
0 |
| To discuss, please call 01142852958 |
