Mortgages and Property

Greece

Includes Greek mainland and all islands except Cyprus on residential property

Loans available for the majority of Nationalities for either House Purchase or re-financing for Home Improvements (other purposes on a case by case basis).

Type of Loan: Repayment Mortgage only

Minimum: £ 30,000, No Maximum, but must not exceed 75% of valuation or purchase price (whichever is the lower).

Proof of Income: required in all cases (can be made up of Earned Income, Pension, Investment or Rental Income. Please note however, it is not always the case that the Lender will take all or part of these Incomes into account when determining the maximum loan available). Non-Status loans are currently not available.

Term: Maximum 25 years - up to age 70

Currency: Euros only

Current Variable Interest Rate is 4.75%. Please note, that the Interest Rate is Fixed at 3.75% for the first year.

Example: Repayment Mortgage of €80,000 over a period of 15 years at an initial Fixed Interest Rate of 3.75% interest rate and then an approx. Variable Interest Rate of 4.75% thereafter = approx € 589.60 capital and interest per month in the first year and then approx € 632.00 capital and interest per month thereafter = a total approximate amount payable over the term of €116,451 including capital, interest, arrangement and survey fees.