Please recall Mortgage credit lending
A mortgage in a foreign bank is a convenient and more efficient way to acquire real estate abroad.
The main advantage of mortgage credit lending abroad is the loyal interest rates. Thus, fixed mortgage rates in Europe and the United States vary within the bounds of 3-6% per annum. Banks are usually granting between 50% - 80% of the required amount to the residents.
Bank policy in relation to the potential borrower is quite simple. The investor should prove a source of income that allows the interest and the loan amount to be covered. Banks may also ask for information about solvency history and availability of other real estate in the country of residence of the investor.
The most popular countries among the foreigners for mortgage receipt are Latvia, Czech Republic, Spain, and France. It is easier to receive a mortgage in these countries than, for example, in Italy or the UK.
Mortgages in Latvia
Latvian banks are quite happy to grant mortgages for non-residents. An important stage in the process of loan receipt in Latvia is confirmation of the investor’s funds. Loan interest rates are between 5-7%, on average, but some banks offer lower interest rates for non-residents with high purchasing power. In order to obtain a mortgage in Latvia, it is also required to have at least 40% of the cost of the property and to open an account in the bank, granting the loan.
Mortgages in Spain
The investor has to pay about 10% of tax levies and to have about 40% of the cost of the acquired real estate. Interest rates in Spanish banks are between 4-5%, on average. There is also the possibility of early repayment of the mortgage with no penalties.
Mortgages in France
The lending policy of French banks makes mortgaging in France one of the safest and most popular. France imposes more stringent requirements for potential borrowers, but this is compensated by low interest rates - from 1.9 to 3.5% and the loan amount of up to 70% of the cost of real estate. Mortgage repayment period in France is 30 years with the possibility of early repayment.
Mortgages in Czech Republic
Czech Republic is another country where obtaining a mortgage can be fairly straightforward. The foreign borrower needs to make an initial payment of 40-60% of the cost of real estate. Rates are defined at the level of 4-6% per annum. Early repayment of mortgage is also possible.
Mortgages in USA
Interest rates for foreigners who wish to obtain a loan in a US bank are much higher than for the residents. Nevertheless, it is possible to receive a mortgage in the USA. Possession of a green card or work visa, along with a letter of reference from a foreign bank will significantly simplify the process of receiving a mortgage in the USA. The average cost of US credit, depending on the state and other factors, is 4-6% per annum. Initial payment will be between 30% -50%. We will provide detailed information on the elite real estate lending process in your country of interest, we will assess your situation and will provide assistance in obtaining a mortgage in a foreign bank at the most favourable terms.*
A provisional list of documents required for the review of application for granting a mortgage:**
- Valid passport of the investor;
- Information about income;
- Certificate of absence of debts;
- Confirmation of the solvency on the initial payment and other expenses related to the acquisition of real estate;
- Draft of the real estate purchase agreement.
* Terms and conditions of mortgage lending for EU citizens and non-EU residents may differ** In addition, foreign banks may request other documents confirming the solvency and reliability of the client.
** In addition, foreign banks may request other documents confirming the solvency and reliability of the client.
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Special offers
332 000 EUR 
Latvia, Riga, Mezaparks 
116.29 m2 
2365 m2 
7 bedrooms 
For sale
For sale
For sale
In case you have any questions, you can contact our specialists.
Благодарен девушками из Mercury Group за искреннее желание помочь и профессионально и с душой выполненную работу! Обязательно посоветую своим коллегам.
2020, Максим, Белорусия.Купил квартиру в проекте в Юрмале на улице Ригас 51 в сентябре 2020 года и остался полностью удовлетворён качеством сервиса компании Mercury Group, что меня приятно удивило с учётом прибалтийской специфики) Отдельно хочу выразить благодарность менеджеру Ольге, которая не смотря на большое количество организационных моментов, связанных в большинстве случаев с застройщиками и владельцами квартир, мужественно гнула свою линию, отстаивая интересы клиента (меня)))) и вела себя крайне профессионально и мило, что, в итоге, привело к результату - сделка состоялась. Уже рекомендую друзьям вашу компанию своим друзьям.
2020, Борис. Москва, Россия.We have been living in Riga already some years and had 3 different flats. This time we were looking long term rental apartment from Jurmala. This was first time that all promises, schedules, paperwork etc were handled perfectly and on time, so BIG thanks for Elena and co. We can warmly recommend this company! Eija and Kari
2020, Kari Sjöholm, Finland.Мне очень понравилось работать с Mercury Group. Риелтор Елена всегда была на связи, объясняла все по пунктам и предлагала варианты, которые подходили к моим пожеланиям. Мне надо было снять квартиру, вписавшись в определённый бюджет и в сжатые сроки. Нашли даже быстрее, чем ожидала. К сожалению, снять надо было только одну квартиру! С радостью обращусь ещё раз.
2020, Romi, Israel.It was a pleasure to work with Darya Kovalenoka. The work was done promptly and professionally.
2020, Harijs Bass, Latvia.The agency was introduced to me by a friend. The agent, Miss Melina, was very attentive to my needs, helpful and fast. Within a week I found the apartment and signed the contract. Maximum professionalism and efficiency.
2020, Claudia Meriano, Italy.I was very satisfied with Olga‘s help. She was very patient, had always prepared a lot of background information for every object we saw and answered my questions within minutes and accurately, even on weekends and late evenings. I very much appreciated also her assistance when negotiating the lease agreement with the owner. She is also a very friendly person and 100% reliable. As future deputy ambassador of the German embassy, I will definitely recommend her to colleagues coming to Riga in the future.
2020, Bartels David, Germany.Долго собирались приобрести недвижимость в Латвии. Искали хорошее агентство. По рекомендациям воспользовались услугами агентства Mercury Group, чему очень рады. Профессиональный подход, отзывчивость, знание рынка и помощь в подборе объекта. Отдельное спасибо Юлии Барсуковой. Наверное это лучший агент по недвижимости в Латвии. Ее помощь неоценима. Юлия помогла с юристами, нотариусами и банком. Без неё сделку было бы очень трудно реализовать.
2020, Iuliia BochНаш иностранный клиент оставил очень хороший отзыв о Юлии Барсуковой после просмотров. Сказал, что это лучший агент, у него есть опыт покупки в разных странах, но такого хорошего агента он еще не встречал. У него был один день на просмотр (на момент заявки клиент находился в локации), настолько все оперативно организовали, помимо выбранного варианта, Юлия подобрала еще несколько альтернативных вариантов, предложила трансфер, после просмотров составила подробное резюме, где все систематизировано расписано, за один день показала варианты и организовала встречу с юристом, у партнера много ресурсов.
2020, Клиент Will Xu, Korea. Отзыв партнера.Great Service! I feel very fortunate to have found our agent, Olga Zagainova, with Mercury Group, while searching for a house in Jurmala. Living outside of Latvia while looking for a house is difficult. Olga was a tremendous asset for us. She was very responsive (this is hard to find) and worked hard to find the perfect house that fit our criteria. She expanded her search and even called houses that were privately listed on our behalf. She was also well aware of the laws and if there was something she did not know, she found the answer promptly. We did buy a beautiful house in Jurmala thanks to Olga. We plan to buy apartments in Riga for investment and will call on Olga´s help for this also.
2020, Jenifer Osterwalder, Spain.Покупкой в целом остались довольны, если учесть, что и выбор-то был не особо велик. Все этапы сопровождения сделки и дальнейшие консультационные услуги специалистов на достаточно высоком уровне. Менеджер, работающая с нами приятна в общении, ненавязчива и отзывчива. Рекомендую!
2019, Дмитрий Гущин, Россия.We had amazing success with Mercury Group. Our agent was honest about locations and the building and told us if it wasn’t something that would suit our family. She showed us places that fit our search area. I would highly recommend.
2019, Kyle Butler, Canada.Нам очень приятно было работать с Дарьей. Она точно поняла, какую квартиру мы ищем. Все предложенные варианты заслуживали внимания. Мы очень оперативно все посмотрели и сделали свой выбор. Получили исчерпывающую информацию и полное представление о рынке недвижимости в Юрмале на текущий момент.
2019, Анна Рябова, Россия.Paulina arranged the rental of my Appartment in Riga, given that I can not speak Latvian , she arranged every thing PLUS helping me in buying my phone line , pay the rent , even guided my to exchange office and arranged taxi booking. Without her help it could be a nightmare to arrange in the first day of arrival.
2019, Mohamed Mansour, Egypt.