We work with a major Greek bank to obtain mortgages for your construction 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 assisting you with the application process when constructing your perfect home in Crete! |
