Property Research - Mortgages

Mortgage finance is one of the keys to a successful property investment - and is often the biggest barriers to preventing the expansion of an international property portfolio.

Hence, Property Investment International puts a lot of time and effort in to tracking and understanding the international mortgage markets so we can best advise our clients.

The table below gives an overview of the typical mortgage terms a foreigner can expect to obtain. More detailed information can be found under each country section.

We can help investors get mortgages, please contact us for more information.

Country	LTV	Interest Rate	Term (years)	Costs	Refinance?	Interest Only?	Non Status?	Hassle Factor	Currencies	Comments
Albania	80%	7%+	15-25	2%	No	Partial	No	Med	Euro	Quite good for a developing economy.
Bulgaria	70-80%	7-9%	20	1-2%	Yes	Partial	No	Med / High	Euro, Lev	Getting better, lots of hassle & costs.
Cyprus	70-90%	5-7%	25	1-2%	Yes	No	Yes	Med	Euro	Overall quite good finance for foreigners.
Czech Republic	80-85%	5.0-6.0%	30	0.5-1.0%	Yes	No	Yes	Low / Med	CZK, Euro	Best CEE finance. Rates stable.
Germany	40-70%	6%	20	1%	No	No	No	Med / High	Euro	Hard to get good terms.
Hungary	50-70%	10%	20	1%	No	No	No	Med / High	Euro, HUF, CHF	Hard to get good terms.
Latvia	70-90%	6-8%	25	1%	Yes	No	Yes	Med	Euro, LAT	Lending criteria has become much stricter.
Poland	70-80%	9%	30	1%	Yes	Partial	Partial	Med	PLN, CHF, Euro	Was getting better now tough due to credit crisis.
Romania	0%	n/a	n/a	n/a%	No	No	No	High	Euro, RON	Very hard to get foreigner mortgages.
Russia	0%	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	Mortgages generally not possible for foreigners.
Slovakia	70-90%	6%	30	1%	Yes	No	No	Med	Euro	Still developing, stable rates.
UK	75%	5-6%	25	1%	Yes	Yes	Yes	Low	GBP	Getting harder due to credit crunch.
USA	70-90%	4-7%	20-30	1.5%	Yes	Yes	Yes	Low	US $	Low base rate but lending more cautious.