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Finance

Many of our clients require assistance to finance their Crete property purchase, and obtain the best exchange rates when transmitting their hard-earned savings to Crete. To help them, we work with major Greek banks to obtain property mortgages, and a leading UK currency exchange broker to provide ease of fund transmission and good exchange rates - including forward exchange contracts which guarantee future exchange rates, very useful during construction stage payments.

Mortgages/loans

We work with major Greek banks to obtain mortgages/loans for your property purchase in Crete. Typical figures are:

Maximum loaned

up to 70% of property value

Maximum borrowing

up to 5 times income

Maximum period

up to 30 years

Interest rate

4.6% (varies)

Bank arrangement fees

1% plus Land Registry fee

For example, if you wanted to borrow € 200,000 against a property valued at € 300,000 over 20 years, you would need to provide proof of EU income of € 40,000 and make monthly repayments of around € 1,300. Bank arrangement fees (once-off) would be € 2,000 plus a Land Registry fee of around € 500.

We will be happy to personally assist you with the application process when purchasing one of our perfect homes in Crete!

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Friday July 30, 2010
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address
Iroon Polytekniou 45
Kissamos

phone
+30 28220 22480
fax
+30 28220 22489

mobile
+30 697 445 8179
+30 693 239 5910

email
contact us via email

post
CCP - PO Box 40
Kissamos 73400 - Greece

We are members of SY.ME.NO.X
Members of the
Chania Estate Agents Association

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All rights reserved.

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