Buying Greek Property
Greek mortgages are available to foreign buyers via local Greek banks with quotations provided once a property has been selected. Much like English mortgages, the bank will require income verification from the UK and a valuation will be carried out on the property.
Mortgages are readily available for new off-plan property and the valuer will work together with the builder, visiting the site and reviewing plans to establish a property and loan value. Realpoint Property Greece will introduce you to our banking partners and guide and assist through the mortgage application. Listed below are some approximate figures that will help guide you:
- Maximum loan available is 60% of the property value
- Rate 4.62%
- No early redemption fee
- Interest and Capital repayment mortgage
Approximate one off fees for the mortgage:
- Solicitor fees €412
- Property valuation €137
- Opening fee payable to the bank €600
- Government tax 0.775% of the loan amount
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