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Post by kingssch1 on Mar 30, 2009 22:13:57 GMT 1
Does anyone know if any banks are lending to foreigners against Croatian property?
Thanks
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ianl
Full Member
Posts: 80
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Post by ianl on Apr 2, 2009 23:14:03 GMT 1
Bump
I would like to know this too. Doesn't anybody have any ideas? Or is it just impossible?
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Post by irac on Apr 3, 2009 9:31:52 GMT 1
The answer is no, unless you involve yourself in one of the dodgy agent schemes or are operating in the country for a number of years (working or with your own company) at which point, for the latter, you can receive 5.2times your annual salary (tax verified) with a 15% deposit held for the first 6months. Jadranska have this operation and the rates are pretty okay. I believe Erste have something similiar but I don't know the exact rates. Otherwise you can get a loan from home via a mortgage top-up or for personal reasons.
Hope that helps.
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Post by Carol on Apr 3, 2009 17:15:05 GMT 1
What about OTP Banka and the London branch of Hypo Alpe Adria? Have they stopped offering loans to foreigners? I know that Hypo had some funny rules about owning through a company...
The other banks used to do it too but their rules were even odder... it had to be through a company which had been in profit and you had to already own a property through that company, so really you could only mortgage the 2nd property using the first as collateral.
Has all this changed since the credit crunch appeared?
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Post by Madgolfer on Apr 3, 2009 19:34:47 GMT 1
Word on the ground is that no one is being offered money at the moment. Lets hear from someone who has been given aloan recently.
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Post by Carol on Apr 3, 2009 21:07:47 GMT 1
Word on the ground is that no one is being offered money at the moment. Lets hear from someone who has been given aloan recently. You could be right. I know people - foreigners and locals - who expected to get a loan but were eventually refused. |
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Post by justapixel on Apr 3, 2009 21:39:45 GMT 1
Hopefully, I'll be given a loan next week.  . |
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Post by irac on Apr 3, 2009 22:54:32 GMT 1
Back at the start of March I got a new loan of 10,000e (erste). The rate was below what I'd expected and I took it for 6months.
Carol, many banks are still offering such loans (as you'e described) but with punishing interest rates. Madgolfer, put your ear closer to the ground, :-), there is money being offered, but it's down to the individual and previous record of facilities.
OTP are in serious trouble at the moment and their parent company are looking for buyers, BasEl are stiffing them for over 140m on loans and they've been told to get stuffed by the Russians.
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Post by justapixel on Apr 6, 2009 23:00:49 GMT 1
Okay, I was given the loan today. ;D The funny thing is that I was unemployed at the time the loan was being approved. So who says that there are no ninja loans in Croatia?  . |
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ianl
Full Member
Posts: 80
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Post by ianl on Apr 13, 2009 7:03:17 GMT 1
Thanks for the ideas everyone. Answer is probably not positive, but a few more ideas to try.
Cheers
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