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.
700 000 EUR 
Spain, Costa Brava, Playa d'Aro 
.342 m2 
844 m2 
4 bedrooms 
In case you have any questions, you can contact our specialists.
Our family would like to thank and express our appreciation for all the hard work of Ksenia. Her hard work, patience and dedication guaranteed that our family now found a Home. Ksenia has followed all requirements from our side and has ensured that our home choice met those standards. Ksenia was friendly and encouraged not just myself and my wife, but also included my two daughters. We already recommended her to my colleagues moving here to Latvia. Ksenia`s experience, language skills and knowledge of the rental market was an asset to our family and any after moving here.
2023, Pascal, CanadaБлагодарим Кристину за помощь в выборе квартиры в Юрмале. Спасибо за предоставление полной информации об объектах на рынке, помощь в выборе и дальнейшее сопровождение сделки!
2022, Юлия УфимцеваĻoti ātri un profesionāli palīdzēja gan piemeklēt īres dzīvokli Rīgā, gan nokārtot visus dokumentus, lai ātri un bez lieka stresa varētu ievāktirs jaunajā dzīvesvietā. Paldies!
2023, RihardsМы познакомились С Вашим Агентством, через Паулину . Это замечательный отзывчивый человек. Мы переезжали из Бельгии и она сделала все чтобы мы подобрали недвижимость и наш переезд был максимально легким ! Паулина провела сделку великолепно, довольны были все и продавец и покупатель . Больше таких людей и работников !
2020, Yury Yaramishyan, Belgium.Daria - a tremendously engaged real estate agent from the Mercury Group - was extremly supportive for finding the right home for me and my family in Latvia. She managed perfectly well the quite complex deal structure we faced being a foreigner in Latvia purchasing a house in the greater area of Riga. Without hesitating, I can highly recommend her and the Mercury Group being the right agent / company to buy a high qualty home in Lavtia.
2022, Kurt Püntener, Switzerland.The agent (Alina Pakalne) was efficient, motivated, and very professional. She was able to sell my property in two months at the best market price. She helped me and followed me thought all steps of sale, papers, bank, and notary.
2014, Gianpietro CarrettaAr Jūsu kompānijas starpniecību esam noīrējuši labu dzīvokli labā vietā. Ja turpmāk būs nepieciešams atrast labu dzīvokli sazināšos ar Jūsu kompāniju.
2015, Uldis KaufmanisMy agent was Olga. Working with her was really pleasure. She really care for customer and for what we are need from the apartment we are looking for. She devoted to her job and she is very up to date, answer quickly to all my requests. And always ready to help me even if it is not connect with our usual business, for example with some good advice because I was first time in Riga. And of course she find me good place to stay here, just what I was looking for. I would surely like to work with that kind of person. I am travelling a lot because of nature of my job, but it is really rear to find such a professionally agent.
2015, Aleksandra StankovićMy impression was a serious good treatment of us as costumers. We received information needed and meetings were correctly arranged and kept on time. Nice people with good intentions, overall a very good impression.
2015, Filip EskilssonБольшое спасибо Ольге, за помощь в поиске апартаментов. Особенно хочу отметить оперативность и профессионализм в подборе и показе квартир, а также увлекательный рассказ про Юрмалу :)
2015, Мария КузнецоваI want to personally thank you for the great effort of Julia to find me perfect rental, after many attempt !!!
2015, Kari WahlroosWe were looking rent apartment for our family with Olga. Very helpful and professional way of working from the beginning until the end of cooperation.
2015, Hannu HouniIt was apparent to me that you not only do your job extremely good, but you also have a very high level of patience and willingness to ensure customer satisfaction . You are a Credit to your profession and I give you " 15 out of 10 Stars "!
2015, Soma SinghHello Irina, Due to your absence, we had to deal with Tatjana (which was a real pleasure for us, for her kindness and efficiency). We have been in Riga during the last weekend, already. We took that appt. actually, well furnished, perfectly placed. Very handy and nice. We were quite pleased during our stay and we think we will contact your company again for our next visits to Riga. Give our regards to Tatjana and accept my thank you for your care.
2006, Carlos Roso
