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Do I qualify for a Polish mortgage?
To qualify for a
mortgage in Poland, 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 70% of LTV
available for house purchase, remortgage 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 Polish mortgage payments. All this must not exceed 38% of your monthly net income
What evidence of income
do I need?
If you are employed:
Your last six month's personal bank statements
If you are self-employed:
Your last two year's audited accounts and tax returns
Your
last six month's business bank statements
Your last six month's personal bank statements.
Example mortgage payments
If, for example, your net joint monthly income is £2,500, 38% of
this equates to £950. If your only liability is your mortgage payment, of say £300, this would leave a balance of £650 for your Polish mortgage repayment.
What types of Polish mortgages are
available?
For our latest rates and to see the different types of Polish mortgages on offer, please contact us.
Loans available up to 70% of the property's value for a maximum 40 year
term.
The maximum term of any mortgage is 40 years .
Repayment mortgages available
Mortgages in currencies other than Euros will only be possible if the applicant is paid in that currency
The
minimum loan you can take out is £100,000 (or currency equivalent)
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