How much can I borrow & what proof of income is required?
Bulgarian Properties Group will help you find a mortgage for buying property in Bulgaria. Please read the text below, and send your request for more information to: office@bpg-bg.com

Please note that there are no non-status/self-certification mortgage facilities accepted by the lender.   All applications need to be supported by a minimum requirement of proof of income.   If employed, copies of your last three month's payslips & copies of your latest P60/Employer’s Reference together with copies of your last three 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 3 month's Business and Personal Bank Statements will be required on application.

The lender will NOT take into consideration any proposed Rental Income from the property for mortgage purposes/repayments.

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 Bulgarian mortgage payments must not exceed 40% of your net monthly income.

Example:
Net joint monthly income 2,500 EUR times 40% of that figure is 1,000 EUR minus existing monthly mortgage payment 300 EUR – No other liabilities. This leaves a balance of 700 EUR for a proposed Bulgarian Mortgage payment.