Mortgage Products

Dear Fort Noks clients,
We would like to inform you that in order to help our clients Fort Noks in association with some of the leading banks in our country is providing the best mortgages for foreigners to buy property in Bulgaria.. At the moment we are working with United Bulgarian Bank (UBB), Piraeus  Bank and First Investment Bank. We are also negotiating with some banks abroad to provide mortgages for our clients abroad.
Below are the advantageous mortgage packages

The bank is Established in 1992 through the merger of 22 Bulgarian regional commercial banks, the first and most comprehensive consolidation project in the Bulgarian banking sector.







An offer for Mortgage Loans for Foreign Citizens through United Bulgarian Bank

Purpose

Purchase

Target customers

Individuals EU, USA and Canada citizens

Dealer

Bank branches, Real estate agencies, Developer companies

Currency

EUR

Selffinancing

30%

Minimum loan amount

7.500 EUR

Maximum loan amount

250.000 EUR

Maximum loan term

20 years

Age limit

23 years minimum
65 years maximum at the end of loan term

Interest rate

0,9% for the first year or 5,95% for the first three years and 7,65% for the rest of the mortgage period
6,95% standard interest for the whole period

Loan management fees

Single commission of 1% at granting; 0,5% annually of the rest of the Principal

Collateral

Mortgage of the property to be purchased
Insurance of the property, covered by the bank

Insurances

Insurance of the property for the whole period

Documents, requested from the client, needed to apply for a mortgage:

I. Application form
II. Income certification documents:
  2.1. For employees working under a labour agreement:
         certificate of remuneration and term of labour agreement (bank form) ;
    2.1.2. Agreement with employer
    2.1.3. Revenue Return form (for the last tax period)
    2.1.4. A bank extract, issued by the foreign bank providing services, for the last six months.
    2.1.5. P-60 form (for the last two years)
    2.1.6. Credit report and credit score

  2.2. For incomes not deriving from a labour agreement
    2.2.1. Revenue Return form (for the last tax period)
    2.2.1. An ongoing profits and costs report
    2.2.3. A bank extract, issued by the foreign bank providing services, for the last six months (personal and company accounts)
    2.2.4. P-60 form (for the last two years)
   2.1.5. Credit report and credit score

ARRANGEMENT FEE - 500 pounds