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
For sale
2 700 000 EUR 
Greece, Sounthern Aegean islands, Mykonos 
460 m² m2 
4170 m² m2 
6 bedrooms 
For sale
In case you have any questions, you can contact our specialists.
I would like to thank you to Olga for her help and profosality of her work. While I am not living in Lativa, she arrange and manage to find tenant in very short time for my two apartment which I bought in Riga. With her patience, kindness and professanility and background information about real estate gave me good feeling and I was complate trust to her for all advice and help to manage all necessary things to find good tenant. Ooo yes she was even in the weekend also busy to manage some work to finished the process as much as quicker. I will definitely recommend her to anyone I know who wants to buy or rent apartment in Riga. Thank you Olga, thank you Mercury Group for the coorparation and hope have more coorporation in future.
2021, Cafer Karakus, Netherland.I would like to thank you to Ksenia. I´m really grateful for all the hard work she´ve done to help me finding a house in the precise location I wanted. She was always very prestative with my questions, efficient, quick with the answers and very professional. I would highly recommend her, since she made all this renting process so easy and painless. Couldn´t be more happier with the way everything worked out.
2021, Sofia Domingues, Portugal.Cooperation with your agent Ksenia was extremely positive, friendly, and professional throughout the entire process. She introduced and recommended many options for our home in Riga, meanwhile providing a lot of additional useful information about living in Riga. I will definitely recommend your company and especially Ksenia for my friends and colleagues, who might need to find real estate in Riga. Best regards and a lot of success, Kalle Kõlli
2021, Kalle KõlliI bought a beautiful apartment in Club Central Residence-2 in Riga and I am very happy with it. I would like to especially note the support of the whole process from the Mercury group. Daria secured the purchase process with confidence and great customer service. Thank you, Daria!!!
2021, Sirak Chobanyan, Cheltenham, The Uk.Для приобретения ВНЖ для моих родителей в Латвии нам нужно было купить недвижимость. Ирина Алазова полностью взяла на себя поиск объекта, координацию с юристами и банком в Латвии. Обсуждение объекта был на 100% по Whatsapp, так как из-за КОВИДа мы не могли въехать в Латвию из России. Ирина делала подробные видеоролики каждой квартиры и присылала нам для обсуждения. В конечном итоге мы выбрали 4-х комнатную квартиру в Юрмале в Булдури. Прислав генеральную доверенность на Ирину, сделка была безупречно проведена без нашего личного присутствия в Латвии. Получив позитивное решение о ВНЖ от латвийской миграционки (подача документов была в Москве) мы наконец приехали в Латвию и получили ключи от квартиры. Я реально был восхищён тем, что вся логистика от поиска объекта до окончательного оформления сделки прошли без нашего физического присутствия в Латвии. Квартирой очень довольны. Очень благодарен за такой безупречный сервис.
2021, Алексей Шварц, Швейцария.Хотелось бы отметить очень доброжелательное отношение и точную работу по моему запросу Менеджера Барсуковой Юлии. Огромное ей спасибо за подробную информацию связанную не только непосредственно с объектами недвижимости. Желаю успеха Юлии и вашей компании в целом!
2021, Минкина Дина, Россия.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 Boch