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.
Special offers
Exclusive and luxury real estate - the best deals.
- 3-BEDROOM HOUSE FOR RECONSTRUCTION ON THE FIRST LINE TO THE SEA. REF.139
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- Montenegro, Lustica, Lustica
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- 3-BEDROOM HOUSE FOR RECONSTRUCTION ON THE FIRST LINE TO THE SEA. REF.139
- Montenegro, Boko-Kotor Bay, Prcanj
- 137 m2
- 507 m2
- 2 bedroom luxury apartment with sea view
- Montenegro, Lustica, Lustica
- 2 bedrooms
In case you have any questions, you can contact our specialists.
Really professional work from Julia Barsukova! She is simply the best agent ! Julia understands our real needs very fast, she cares about our interests and always provides a suitable solution. She accompanies us during last 9 years, helps us finding, buying, renting and selling the properties in Riga. We are really satisfied and will recommend Julia to anyone who will deal with real estate in Latvia.
2014, Dan LiuWe would like to thank Mercury Group, especially Kristina for her help with the property selection in Jurmala. Thank you for your professionalism, kindness, and understanding of all the nuances of property selection. Wonderful work!!!Thank you!
2023, Jelena und Patrick ZengerОчень довольна услугами компании в подборе квартиры. В особенности огромное спасибо риэлтору Кристине за проделанную работу. Учла все пожелания и нюансы. Сделка прошла великолепно!
2023, Olga, Ukraine.Имея уже немалый опыт в переездах и поисках жилья в разных странах, с удовольствием хочу порекомендовать Тамару как лучшего риелтора! Она сумела объединить свой профессионализм и человеческие качества, почувствовала нашу семью и услышала, что именно нам необходимо, и подобрала нам не просто замечательную недвижимость, а место, которое можно назвать своим домом. Очень ценим отношение Тамары к работе и к нашей семье, и еще раз благодарим за помощь в поиске жилья, и умению порадоваться вместе в нами!
2023, Квятковская Анастасия, Украина.Amazing and quick service. Very easy communication and always helpful staff. Had to get an apartment on a very short notice, where the company was quick and flexible to provide multiple options. Would recommend
2023, Peder Nordang, Norway.I am writing to provide feedback about Inna. Inna is one of the best agents we have ever worked with! She went above and beyond to ensure we found an incredible place for our family. She was always very responsive, knowledgeable, and just wonderful to work with. I can’t say enough about the high level of service and support she provided our family in this transition. I highly recommend her and Mercury Group Estate!
2023, Erika Butler, USA.Безмерно благодарен компании за помощь в подборе квартиры для аренды в Риге. Особенно хотел бы отметить и поблагодарить менеджера Кристину, которая мгновенно включилась в работу и, уточнив наши предпочтения, предоставила список объектов, которые могли бы нас заинтересовать. Коммуникация с клиентами – на высшем уровне! Результат – заключение сделки! P.S.: Понравились комментарии Кристины, в которых отмечалась особенность того или иного объекта, например: «эта квартира в жизни выглядит гораздо красивее», «а в этой квартире установлен газовый котел, который сэкономит вам на оплате коммунальных услуг» и т.д.))
2023, EvgenI want to leave a strong positive endorsement for Inna who handled my rental transaction here in Latvia. She is the best! Very personable and professional. Highly recommended.
2023, Jeffrey, USAKsenia from the Mercury Group was recommended to me from another Danish citizen. I took the advice and was definitely not disappointed. Ksenia has a great personality, acts extremely professional and we felt safe and taken care of all the way through the process of finding our apartment in Riga. The communication was flawless and we were grateful to have her at our side to help with the formalities of going through the contract etc. We haven't used an agent to help for an apartment search before, but after this experience we will not hesitate to do so again. We give Ksenia our warmest recommendations.
2023, Anne Sofie Andersen, Denmark.We have contacted Mercury Group while looking for investment opportunities in Latvia in order to obtain residency permit. Upon our first contact, we were greeted with a professional yet friendly manner. It was evident to us from the very beginning that Mercury Group was a team of professionals that take their job and their clients very seriously, however when we were assigned with our personal agent Tamara Nikiforova, we have realized that their good qualities as professionals in the real estate business extend even further than just their definition of work. Tamara is kind, gentle and was very knowledgeable about every step we had to take. She has made sure that we took these steps very comfortably, providing us with her support at every step we took. Her demeanor and presence in advising us as her clients made us feel safe to move forward. We felt comfortable in seeking her counsel and help whenever we needed, and she went beyond and further than what any other person would have done to reach out with a helping hand. Apart from her professional adequacy in finding us suitable options and working cooperatively with our lawyer which she has referred us to, she has very graciously extended her help for other issues that may be considered to be outside a real estate agent's scope of work, like accommodation around the city. It was a pleasure working with Tamara during our search, and it would be fair to say that she has helped us find a new home, just as warm as the numerous cups of coffee she has generously shared with us. She is still offering her support to us even though our business has been concluded. We are very happy to have met her, and we would like to think that she is an outstanding representative of all the good qualities that other members of Mercury Group share within.
2023, Barış & Lina KaraI was very pleased about the friendly and fast support that I got from my handler. Would recommend to anyone.
2023, Marlo Pothmann, Germany.Doing a new step, moving in a foreign country can be challenging, especially if you look for a convenient accommodation. Our family was taken on hand and got to fully relayabl support of Mercury. Our special thanks get to Inna Kolupajeva who managed everything for us. She did not only an outstanding job, moreover, she was a great and any time relayabl ambassador of her company and country. We appreciate such help and kindness. With her permanent support, also besides accommodation search, she was the best manager we can imagine. Thank you at all. If you plan to move to LV or you have any questions concerning real estate, she will be your best point of contact. Thx.
2023, Bernd Weiser and familyДобрый день, нам очень помогла Инна в сдаче нашего объекта недвижимости в долгосрочную аренду, подсказала правильную цену аренды, подготовила все необходимые документы для завершения сделки, все было четко и вовремя, мы остались очень довольны сервисом, вниманием, Инне большое спасибо
2023, Андрей КостенкоWe had the pleasure of working with exceptional housing agent Alisa who truly exceeded our expectations. From the very beginning, she demonstrated remarkable accessibility and a wealth of knowledge. What stood out most was her genuine emphasis on understanding our needs and bringing her own creative ideas to the table. Her proactive approach was truly impressive - whether it was providing immediate answers or swiftly gathering information, even for inquiries that weren't initially within her scope. When challenges arose, her composed demeanor and unwavering assistance were invaluable. She displayed an exceptional ability to consider multiple viewpoints, dedicating the time needed to navigate and resolve any issues. Thanks to her dedication, we eventually found our dream flat. I'm looking forward to our ongoing collaboration. Her professionalism, resourcefulness, and patient problem-solving have truly set a high standard for housing agents.
2023, Bernadette Jäger