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Post by Paul H on Mar 26, 2004 19:00:05 GMT 1
Does any know or perhaps would know who to ask. I am considering purchasing a property in Croatia through a Croatian Company structure, as being non EU restricts individuals. Can the company obtain finance for this purchase, as I'll have a good deposit but not the whole amount and don't want to re-mortgage my home. Thanks  Paul |
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Post by ChrisC on Mar 28, 2004 14:50:34 GMT 1
There was a poster to these boards (the property one I think) who was offering mortgages for foreign purchase. Can't remember who but I think it was a female name. Read down a way and you may find the message in question. One thing is for sure though, you'll pay a higher rate of interest in such an arrangement than if you simply re-morgage your UK property. IMHO it could be the difference between paying 9% and 5% which really adds up over many years. |
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Post by ChrisC on Mar 28, 2004 14:57:13 GMT 1
There was a poster to these boards (the property one I think) who was offering mortgages for foreign purchase. ( Ok, I just found it. The thread name is "Loans for foreigner" and the poster was Nada. It's just down there | \/ |
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Nada
Junior Member
Posts: 20
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Post by Nada on Mar 29, 2004 23:36:34 GMT 1
 It was me offering the mortgages for buying, renewing and building the Croatian properties. Any questitions: Nada@aon.at
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Post by Greg C on May 16, 2004 19:04:15 GMT 1
Hi Paul,
I'm interested in doing the same.
Did you have any luck?
If so, what do you now know about Croatian Mortgages.
FYI. The FT for Saturday 15 May has an article on buying property in Croatia, and says the Royal Bank of Scotland provide Mortgages. I'm calling them Monday for details.
Cheers
Greg C.
croatianproperty@gregcannon.com
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Post by LawyerHr on May 17, 2004 11:04:20 GMT 1
There should be no problem to obtain finance from the Croatian bank, by mortgaging the newly bought property.
The probelm is that you will not get the full amount needed, probably only half. And it also depends on the amount of the share capital of the company.
Why do't you ask your lawyer?
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Post by tunbridge on May 22, 2004 21:39:53 GMT 1
If you speakto peter Elllis at Croatia Property service he can tell you of an excellent hire purchase scheme.
It sounds crazy but it basically means that you go the through the procedure of buying a property and you pay about 20% deposit - but then you pay the balance to the developer over a period of sya 20years who charge about 5% per annum of the amount outstanding.
Once you paid the amont outstanding the property is passed on to you. You can also sell in the before the period is up.
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Post by Rudjer on May 24, 2004 10:26:02 GMT 1
The FT for Saturday 15 May has an article on buying property in Croatia, and says the Royal Bank of Scotland provide Mortgages. I'm calling them Monday for details. Hello Greg, Do you have any news on mortages provided by the Royal Bank of Scotland? I look forward to reading your further comments. With best reards, Rudjer |
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