| Currency |
EURO |
| Interest Rates |
EURO (6-8.0 % 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
(Labour Contract
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 RON, 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 |
| Max Number of applicants |
4 (More applicants acceptable in exceptional circumstances) |
Valuation Fee
Legal Fee
Bank Application Fee |
€100 |
| Bank Arrangement fee |
2.5% of loan amount |
| RDP Engagement Fee |
€30 |
| RDP Application Fee |
€495 |
| RDP Completion Fee |
1% of loan amount (minimum €995) |
| POA + Apostille |
0 |
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To discuss, please call 0040 730031441 |
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Residential Property Mortgages in Romania
