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Do I qualify for a Greek mortgage?
To qualify for a mortgage
in Greece, a calculation is used to establish whether you can afford to maintain the mortgage repayments. This will automatically happen when you complete the application form, and Mortgage Helpline
International won't charge you for this service.
How much can I borrow?
Calculation based on the valuation or purchase price, whichever is the lower
Up to 10% of LTV available for
house purchase, remortgage, construction loans or home improvements
Based on joint net "take home" pay, where joint income is applicable
Existing liabilities, e.g. mortgage or rental payments,
loans, credit card payments and maintenance are taken into account, together with the proposed Greek mortgage payments. All this must not exceed 50% of your monthly net income
What evidence of
income do I need?
If you are employed:
Your original last three month's payslips
Your latest original P60 or Employers Reference
Your original last six month's personal bank
statements
If you are self-employed:
Your last three year's audited accounts, and last year's tax return.
Your original last six month's personal bank statements.
Example mortgage
payments
If, for example, your gross joint monthly income is £2,500, 50% of this equates to £1250. If your only liability is your mortgage payment, of say £500, this would leave a balance of £750 for
your Greek mortgage repayment.
What types of Greek mortgages are available?
For our latest rates and to see the different types of Greek mortgages on offer, please contact us.
Loans
available up to 70% of the property's value or purchase price, whichever is the lower.
The maximum term of any mortgage is 25 years, this varies on the type of loan
Repayment and Interest Only
mortgages are available
The minimum loan you can take out is €100,000
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