Mortgages in Romania
Mortgages in Romania are now available to non-Romanian citizens.
Please see below detailed information on mortgages currently available in Romania:
How to get a mortgage in Romania: Step-by-Step Guide
You will find below a step-by-step guide to obtain a mortgage in Romania.
Property abroad - Ltd will help you through every stage of your mortgage application.
1st Step: Gather the following documents
1/ Cover Letter
a- The cover letter should state: "Mr/Mrs/Ms ... is employed since ... by .... on a permanent basis with a monthly net salary of ..."
b- The cover letter needs to be certified by a solicitor in the United Kingdom.
c- The cover letter then needs to be translated in Romanian and legalized by a Romanian solicitor
2/ Copy of your employment contract
3/ Copy of your passport
2nd Step: Open a bank account
You will be requested to go to the local bank in Romania with your passport to open a bank account.
3rd Step: Pre-offer
The bank will provide you with a pre-offer stating the mortgage amount that you can get.
4th Step: Pre-contract
Once you have made the decision of which property you wish to purchase, a local solicitor will write the pre-contract in English and Romanian between the seller and yourself.
The pre-contract will mention the price of the property as well as the deposit payment.
1,000 euros deposit will be required to be paid when you sign the pre-contract. 25% of the property price (minus 1,000 euros) will be required to be paid cash when you sign the final contract.
75% will be transferred by the bank to the seller once the final selling contract is signed.
Please see below detailed information on mortgages currently available in Romania:
|
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Value
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APR
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From 6.8%
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|
Duration
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Up to 25 years
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Minimum Deposit
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25% of the property price
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Administration fee
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Apartment: 150 euros / House or land: 200 euros
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+
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2.0% of the lent amount (minimum: 150 euros)
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Building and life insurance
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0.03% of the value of the property (re-evalued every year) |
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To be paid on a monthly basis |
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Early settlement fee
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2.0% of the settled amount (minimum 100 euros)
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|
Criteria of eligibility
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Age: < 65 years
|
How to get a mortgage in Romania: Step-by-Step Guide
You will find below a step-by-step guide to obtain a mortgage in Romania.
Property abroad - Ltd will help you through every stage of your mortgage application.
1st Step: Gather the following documents
1/ Cover Letter
a- The cover letter should state: "Mr/Mrs/Ms ... is employed since ... by .... on a permanent basis with a monthly net salary of ..."
b- The cover letter needs to be certified by a solicitor in the United Kingdom.
c- The cover letter then needs to be translated in Romanian and legalized by a Romanian solicitor
2/ Copy of your employment contract
3/ Copy of your passport
2nd Step: Open a bank account
You will be requested to go to the local bank in Romania with your passport to open a bank account.
3rd Step: Pre-offer
The bank will provide you with a pre-offer stating the mortgage amount that you can get.
4th Step: Pre-contract
Once you have made the decision of which property you wish to purchase, a local solicitor will write the pre-contract in English and Romanian between the seller and yourself.
The pre-contract will mention the price of the property as well as the deposit payment.
1,000 euros deposit will be required to be paid when you sign the pre-contract. 25% of the property price (minus 1,000 euros) will be required to be paid cash when you sign the final contract.
75% will be transferred by the bank to the seller once the final selling contract is signed.
Property Management
If you are interested in these services you can contact the worldwide renown property management company – Property Management Ltd, which is one of the branches of Property Abroad Ltd. find out more
If you are interested in these services you can contact the worldwide renown property management company – Property Management Ltd, which is one of the branches of Property Abroad Ltd. find out more
Golf Property in Romania
Bucharest – Swiss Golf & Leisure Development has begun the project of the biggest golf club in Romania – Golf and Country Club Bucharest, a project that needs total investments worth EUR 50 M. The project find out more
Bucharest – Swiss Golf & Leisure Development has begun the project of the biggest golf club in Romania – Golf and Country Club Bucharest, a project that needs total investments worth EUR 50 M. The project find out more
Interview Galina Stoyanova
Joining the EU should give Romania – a country recognised as one of the poorest in Europe – a much-needed boost. Its Black Sea coast, budding ski resorts and lively capital are fighting to draw the attention find out more
Joining the EU should give Romania – a country recognised as one of the poorest in Europe – a much-needed boost. Its Black Sea coast, budding ski resorts and lively capital are fighting to draw the attention find out more
Binding purchase
We are a well established real estate company with first hand experience and complete understanding of the local real property market place and we are aware that few property buyers have enough money sitting in the bank... find out more
We are a well established real estate company with first hand experience and complete understanding of the local real property market place and we are aware that few property buyers have enough money sitting in the bank... find out more
Web sites give away
If you think that you can sale well and need just a little help to find your way in the foreign environment and need up-to-date and true information – then you need Us! find out more
If you think that you can sale well and need just a little help to find your way in the foreign environment and need up-to-date and true information – then you need Us! find out more
Travel arrangement
You will find below a brief summary of the viewing / inspections trips organised by Property abroad Ltd. The costs are for indicative purposes only and include a return flight, transport to your hotel(s), and accomodation(s). find out more
You will find below a brief summary of the viewing / inspections trips organised by Property abroad Ltd. The costs are for indicative purposes only and include a return flight, transport to your hotel(s), and accomodation(s). find out more
Mortgages in Romania
Mortgages in Romania are now available to non-Romanian citizens. Please see below detailed information on mortgages currently available in Romania find out more
Mortgages in Romania are now available to non-Romanian citizens. Please see below detailed information on mortgages currently available in Romania find out more
Franchise
This is a unique business strategy, which makes the union of well known and winning Companies and beginning, enthusiastic small companies or contractors possible, in the name of one common aim – Profit. find out more
This is a unique business strategy, which makes the union of well known and winning Companies and beginning, enthusiastic small companies or contractors possible, in the name of one common aim – Profit. find out more
