Purchasing a home through a mortgage from Bulgarians working abroad

Do you want to buy a home with a unique location?

Do you want to spend more time in the beauty of the nature offered by the Sarafovo South, in the comfort of your own home? Atlantis Holding enables you to take the first step towards realizing this dream. One of the options for buying a property in this unique location is through a mortgage loan.

There has been an increase in buying properties in Bulgaria by Bulgarians living abroad. During the last year there has been a growth of about 30% in mortgage financing. Major competition in the banking sector has contributed to offering very good credit conditions. Due to the completion of the infrastructure in Sarafovo South, the market prices of the properties in the area are expected to rise in the coming years. Many people working abroad invest in a home, not to live in it, but in order to invest – to give it for renting.

What do you need to know about loans for Bulgarians living abroad to buy a property in Bulgaria?

Bulgarians, living and working on a permanent employment contract outside the country, can easily and hassle-free benefit from the good conditions when getting a mortgage loan to buy a home in the Sarafovo South. Getting a mortgage loan allows you to buy your home right next to the beach. Mortgage loans are secured by the purchased property and usually have a lower interest rate and a longer repayment period than the consumer loans.

Required documents for obtaining a mortgage loan are the documents of the property, as in the case of standard housing loans, together with several documents related to the residence, your work abroad and the income earned therefrom. Such documents are, for example, employment contracts, tax returns, salary payslips, bank statements. Some banks have dropped the requirement for legalization and translation of documents, which shortened the time for consideration of the loan application, as well as the costs. The conditions for housing loans for Bulgarians working outside the country are identical to those for all Bulgarians. The difference comes from the fact that the higher incomes of Bulgarians working abroad allow for easier repayment and even early repayment of the loan for the purchase of the property. Bank applications can be make any Bulgarian citizen who has a permanent employment contract in the European Union, the European Economic Area and Switzerland for at least one year. A prerequisite is the determination of a person (family member or relative) who will at the same time be a guarantor and a proxy of the loan. This is done for the sake of security, because the client is not located in Bulgaria and the income is not earned in our country.

Advantages of making a mortgage loan

Possibilities for buying a property through a mortgage loan have all Bulgarian citizens with a permanent address in Bulgaria, who have officially certified labour income from abroad for at least one year. The advantages of the mortgage loan are accepting your income from abroad, attractive financing conditions, free online consultation, and free online application. This is an opportunity to get clarity, correctness and speed in documenting and getting the desired funding.

Apartment in Sarafovo South - Your chance for a safe home

The steady development of the real estate market in our country reports a growth in mortgage lending. It creates a favourable opportunity for all Bulgarians willing to invest in a property with a convenient location, developed infrastructure and preserved natural environment, as Sarafovo South area offers. The properties offered by Atlantis Holding are sold unfurnished or fully furnished, ready to reside or give out for rent. The area tends to become one of the most preferred areas for city life. Far from the busy everyday life, it is the place to live or relax, in a natural and peaceful environment. With the secure income you get working abroad and the desire to invest in a home located in Sarafovo South, to ensure your comfortable holiday, you invest for long term in your better future.