Greece

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. Once you have completed our enquiry form, Mortgage Helpline International will be able to assess your suitability for a mortgage.

How much can I borrow?

Calculation based on the valuation or purchase price, whichever is the lower.

Up to 80% LTV available for house purchase (70% non EU applicants). 

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 40% of your monthly net income.

What evidence of income do I need?

If you are employed:

Your last three month’s payslips

Your latest two years tax assessments and Contract of Employment/Employers Reference

Your last three month’s personal bank statements

Full credit report

If you are self-employed:

Your last three year’s accounts

Your personal tax returns for the last three years

Your last three month’s personal and business bank statements

Full credit report

Example mortgage payments

If, for example, your net joint monthly income is 7,000, 40% of this equates to 2,800. If your only liability is your mortgage payment, of say 1,100, this would leave a balance of 1,700 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 80% of the property’s value (70% non EU applicants)

The maximum term of mortgages is 25 years (20 years non EU applicants)

Repayment mortgages only are available

The minimum loan you can take out is €80,000