Please note, that there are no non-status/self-certification mortgage facilities available in Greece (although renting out your property is permitted), all loans need to be supported by a minimum requirement of proof of income, i.e. if employed - copies of your last three month's payslips & copies of your latest P60/Employer’s Reference together with copies of your last 6 month’s Personal Bank Statements will be required or alternatively if you are self-employed - copies of your last three years Audited Accounts & copies of both your last 12 month's Business and last 6 month’s Personal Bank Statements will be required on application.

Unfortunately in Greece the Lenders will NOT take into consideration any proposed Rental Income from the property for mortgage purposes/repayments, unless this can be guaranteed by a rental management company for at least two years.

Your loan is based on your joint net “take home” pay and is calculated on an affordability basis. All your existing liabilities including any mortgage/rent payments, personal and bank loans and any maintenance (ie: Divorce) payments together with your proposed Greek mortgage payments must not exceed 35% of your net monthly income.

Example:

Net joint monthly income £ 2,500 times 35% of that figure is £ 875 minus existing monthly mortgage payment £ 300 – No other liabilities. This leaves a balance of £575 for a proposed Greece Mortgage payment.

Mortgage eligibility

• Maximum loan to value 80%
• Minimum loan of €40,000, no maximum
• Maximum term of the loan is 25 years
• Loans available in Euros, US Dollars & Sterling
• Repayment mortgages only available
• Current interest rates as available from approximately 5.10%