Bulgaria Mortgages

Complete property services in Bulgaria Sim Property delivers a full range of Bulgarian property services, from rentals & property management to resales. We actively cover Sofia, Bansko, Sunny Beach and beyond with our own offices & staff. Contact us for more about our full range of Bulgarian property services.

Thanks to the large number of foreigner investors buying property on the coast and in the ski resorts of Bulgaria the Bulgarian mortgage market for foreign investors is more developed that it perhaps otherwise would be.

There were around 10 banks now offering Bulgarian mortgages to foreigners, however, since the global credit crisis many of these products have been temporarily withdrawn. We expect mortgages in Bulgaria to improve over the coming years.

Highlights of the Bulgarian mortgage market

• 80% LTV finance is possible
  
• interest rates typically around 7-10%
  
• 25 year terms possible
  
• upfront costs 1-2%
  
• mortgages available for self-employed persons (at higher interest rate)
  
• self-cert mortages are available at higher interest rates
  
• refinance is available
  
• currently partial interest only mortgages are available
  

The time taken to obtain a mortgage in Bulgaria is still quite lengthy and can be bureaucratic. That said the process has improved dramatically over recent years as the banks gets more used to dealing with foreigners.
There can be hidden costs/fees when taking out a mortgage in Bulgaria.

Please contact us for a mortgage quote.