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.
Special offers
Exclusive and luxury real estate - the best deals.
€ 670 000 - One bedroom apartment in an ultra premium complex on Bluewaters Island
-
UAE, Dubai, Dubai Marina -
74 m2 -
1 bedrooms
- Luxury technologically advanced villa in the premium location
-
Indonesia, Bali, Umalas
-
864 m2
-
830 m2 -
5 rooms
- Premium Twin Villas located in a 5 star Resort overlooking the golf course and Atlantic Ocean
-
Portugal, Central Portugal, Óbidos
-
228 m2
-
3 bedrooms
- Luxury Villa in premium complex Phuket
-
Thailand, Phuket, Layan
-
500 m2
-
3 bedrooms
- Three bedroom villa for sale within walking distance of an international school
-
Thailand, Phuket, Bang Tao
-
352 m2
-
452 m2
-
3 bedrooms
- Modern villa in Torre Valentina, Sant Antoni de Calonge, Costa Brava, Spain
-
Spain, Costa Brava, Sant Antoni de Calonge
-
583 m2
-
1132 m2
-
5 rooms
- Two bedroom apartment in the premium complex in Madrid (possibility of installment)
-
Spain, Madrid
-
90 m2
-
2 bedrooms
- One bedroom apartment in an ultra premium complex on Bluewaters Island
-
UAE, Dubai, Dubai Marina
-
74 m2
-
1 bedrooms
- Luxury technologically advanced villa in the premium location
-
Indonesia, Bali, Umalas
-
864 m2
-
830 m2
-
5 rooms
In case you have any questions, you can contact our specialists.
I 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 JägerДолго сотрудничаем в профессиональной сфере. В этом году посотрудничали и по личным вопросам. :) Профессиональный и оперативный подход в общении и вообще - во всем процессе сделки. Приятно иметь дело. Спасибо!
2015, Oksana Dmitrijeva, Latvia.Sadarbība ar mākleri Innu bija patīkama un rezultaīva. Visi jautājumi tika atbildēti un nokārtoti bez kavēšanās un profesionāli.
2023, Ļuba Duka, Latvia.We would like to especially thank Kristina Toconova who help us with top level of professionalism gaining win-win results in our long term rent agreement. We are sure that such highly professional approach always form long term cooperation for future years. Best regards, Taras & Marina
2023, Taras Kosarev, Russia.When i started to search for a place to live in Riga and planed to move from Sweden. Have been in contact with many estates agents from Riga. Mercury Group was the finest between all of them, most comfortable to speak with, gave all help and recommendations all the time. They have been with me all the way and answer me very quickly even during their vacation. They are very helpful and organised. I Will recommend Mercury Group to all of you who is reading my review. big thanks to Mercury Group!
2023, Mohammed Alnasari, Sweden.Смело рекомендую услуги маклера. Сделка с покупкой квартиры прошла без запинки, эффективно, с индивидуальным подходом к поиску быстрых, эффективных и удобных решений по всем этапам сделки.
2023, Aleksandrs Eigims, Latvia.I had a great experience with Ksenia. We put our criteria in front of her and she found a good apartment for that filled our demands. From my perspective, I would absolutely recommend her.
2022, SuvathikaБезумно благодарен Mercury Group, особенно прекрасной Паулине за проделанную работу по подготовке и завершению сделки. «Поддержка» была исполнена на высочайшем уровне! Большое Вам спасибо!
2022, Nikita Ribakovs, Latvija.Огромное спасибо за профессионализм, умение понимать клиента, доброжелательность и готовность помочь!
2022, Дмитрий МелкумовHello! We have been dealing with Mercury Group representative Julia Barsukova for more than one year on several properties and transactions. During this period of time she has assisted us diligently and without hesitation. We are grateful for her help!
2021, Vladimir Ushakov, Russia.Сотрудничаю с компанией с 2019 года , по вопросам покупки и продажи недвижимости , а также по после продажному обслуживанию ( сдача в аренду) . За это время сталкивался с другими риэлторами и в других странах, хочу сказать что Ваша команда , для меня является образцом !!!! Как в подборе объектов так и в сопровождении сделки , когда ты с одним человеком ( я имею в виду Вашего специалиста , а именно Паулину Олейникову) решаешь все вопросу возникающие в процессе сделки, а вопросов не мало, особенно в наше неспокойное временя когда и ситуация и законы меняются постоянно. И надо отметить что все решения Вы предлагаете сами, мало того и реализуете их. Поэтому вопроса доверия к компании ( а компанию предоставляют конкретные люди , это Паулина Олейникова) не возникает. По работе в Латвии рекомендую именно Вашу компанию!!! Огромное спасибо за работу . Очень надеюсь что продолжу наше с Вами плодотворное сотрудничество! И лично Паулине огромная благодарность !!!!
2023, Grigory Gruba, Russia.
