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HEAD OFFICE - IMPERIAL DEVELOPMENTS LTD.
Imperial Hotel, 8240 Sunny Beach, P.O. Box 57
tel: 00359 554 2 52 25
00359 554 2 52 26
fax: 00359 554 2 52 27
mob: 00359 887 37 10 10
E-mail: info@imperial-developments.com
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Finance There our two finance options available to clients purchasing our properties.
| Loan to value |
up to 70% |
| Lending criteria |
Mortgage payment maximum 30% of net income |
| Pre-completion drawdown? |
Upon roof completion, funds can be drawn down |
| Repayment only |
0 to 15 years |
| Interest rate |
7.58% variable |
Contact details If you would like to obtain any information concerning UniCredit Bulbank′s products, services and activities please, use the e-mail addresses below to contact them!
Head Office:
7 Sveta Nedelya Sq.
1000 Sofia
Bulgaria
Tel. +3592/923 2111
Fax. +3592/988 4636
Telex. 22031
BIC: UNCRBGSF
We are glad to offer our next mortgage product direct from Piraeus Bank without mortgage broker fees.
Some key facts about Piraeus Bank who now offer the only mortgage product for Bulgarian property:
One of the largest commercial banks in South-Eastern Europe
Founded in 1916
Privatly owned since 1991
277 total branches, 11 in Bulgaria
Leading commercial lender to Balkan region
Office in City of London, London
Potential borrowers are able to liaise directly with the London office.
For further information, please contact: mortgages@piraeusbank.co.uk
Tower 42, 25 Old Broad Street, London EC2N 1HQ
Tel:+44 (0)20 7920 6000
Fax: +44 (0)20 7920 60011
Who can own land in Bulgaria?
A foreign legal entity (Ltd, joint stock company etc) is entitled to own land, a foreign person is not. However, a foreign person may have full rights on an edifice, as he/she may own title of an edifice without owning the underlying land, e.g. you can own an apartment in a development without the need to own the land.
How long does it take to get a mortgage arranged?
Typically, it takes around 2 to 4 weeks for a mortgage offer although we can often obtain a decision or indication based on the financial aspects of your application within a few days of the lender receiving your application from us.
Can a non-earning partner or spouse join in a joint application?
Yes, assuming the non-earner has not had any serious past credit problems they can join in a mortgage application with an earning spouse or partner.
Can I let out my property in Bulgaria?
Yes, letting out the property for short term holiday lets, several weeks at a time is fine with all our panel lenders. If you wish to let out for long periods with a formal tenancy agreement, you will need to ask the lenders permission before creating any long term tenancy. You will need to check your buildings and contents insurance covers you during any third party occupation of the property, including short term lettings.
Will I need to be present at the signing of the Notary Act (Contract of Purchase) in Bulgaria.
The completion of a Bulgarian mortgage takes place in front of an appointed Bulgarian Notary and all representatives of the parties to the mortgage need to be present. A power of attorney will need to be presented to the lender in good time before completion - a draft document will be provided by the lender.
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+359-5-542-5225
