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Post by Anna on Feb 28, 2005 19:01:10 GMT 1
In the Money section of yesterday's Sunday Times, there was an interesting article on ways of raising money to purchase property abroad. They mentioned the reputable mortgage agency Conti Financial Services (http://www.mortgagesoverseas.com/) which, surprisingly, claim that they do not offer mortgages for Croatia as it is difficult to prove who is the legal owner of properties there.  Conti also advise that those wishing to purchase Euros (perhaps for a deposit on a property) to use MoneyCorp (http://www.moneycorp.co.uk/) which is considerably cheaper than high-street banks. On a €50,000 money transfer, it is possible to save £774 (based on the exchange rate of last Wednesday). |
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Post by elaine on Mar 1, 2005 19:01:25 GMT 1
Thanks for a very valuable piece of information, Anna!
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Ines
Junior Member
Posts: 10
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Post by Ines on Mar 1, 2005 21:09:41 GMT 1
There are many UK companies that spee in overseas finance. Nowadays, there’s a great deal of interest in being the first company to finance you for buying your property in Croatia. The companies which have looked at starting such a service are concerned about the fact you, as a private buyer, have to wait for the approval of the Ministry of Foreign Affairs of Croatia –sometimes for up to year. They believe it could happen you don’t receive the approval at all. Also lenders are concerned about loan defaults. The people behind this company you mention Anna maybe got confused as some old properties have problems with their titles and concluded that the whole property market in Croatia is like that. Regards. Ines www.croatiaproperties.biz |
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Post by Anna on Mar 1, 2005 21:17:07 GMT 1
This would be my conclusion too, Ines.
I'll be in touch with the mortgage agency in question to see if they can explain a bit further, and I'll see what response I get.
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Post by Jabukavac on Mar 2, 2005 16:59:20 GMT 1
Innes,
What you are effectively saying is that you can't get mortages for Cro poperty because the Cro Int Ministry are so lazy.
I mean I am waiting over 2 years. Its only rubber stamping, the local authority checked my passport and local land registry etc.
How lazy can you get. Its a national disgrace.
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Post by valiant on Mar 18, 2005 20:41:18 GMT 1
yes , it is a disgrace. as is the corruption in croatia. and croatias politicians are a disgrace. anyone who hasnt started complaining about the problems in croatia, has not been living here long enough.
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Post by davidza on Apr 6, 2005 14:17:30 GMT 1
In the Money section of yesterday's Sunday Times, there was an interesting article on ways of raising money to purchase property abroad. They mentioned the reputable mortgage agency Conti Financial Services (http://www.mortgagesoverseas.com/) which, surprisingly, claim that they do not offer mortgages for Croatia as it is difficult to prove who is the legal owner of properties there. Conti also advise that those wishing to purchase Euros (perhaps for a deposit on a property) to use MoneyCorp (http://www.moneycorp.co.uk/) which is considerably cheaper than high-street banks. On a €50,000 money transfer, it is possible to save £774 (based on the exchange rate of last Wednesday). Hi Anna, does it say that on their web site somewhere (I couldn't find it), or did you email them directly? Is it possible that there are many properties where ownership is unclear or may at some future time be disputed, e.g. by persons displaced during the war? In some countries (also here in Germany) such claims may go back a long way, e.g. from persons dispossessed during the Soviet occupation or even WWII. For a foreigner or even a Croatian lawyer it may be difficult or impossible to guarantee that such claims could not be pending. David |
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Post by yeslehc on Apr 6, 2005 18:07:11 GMT 1
It is not only a disgrace the time m.o.f.a. take to rubber stamp aplications, its also stupidity as the Croatian government dont get the sales tax until permission is granted, there must be a few million euro tied up, which I am sure the Croatian people could find usefull
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Post by roughrider on Apr 7, 2005 8:09:13 GMT 1
Well its a national disgrace. I have been waiting for almost three years for my papers. It will give Croatians a bad name for being the most lazy people on Earth.
Also they lose out on the interest payable on tax. Interest on interest on interest each year. Thats stupid also. Maybe Cro dont need the money/We know the PM is a peder but a complete idiot too.
If for example I need to sell my house quick to pay for medical bills I don't know what to do. Its my hard earned cash. Perhaps a protest in Zagreb or blow up the Maslenica bridge/Peruca dam. Maybe then they would take note, lazy stupid thingys.
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