Mortgages in Austria
Mortgages for Austrian property
Mortgages in Austria, Mortgages for property in Austria
Buying property in Austria as an investment second home or for relocation.Our specialist mortgage brokers specialise in obtaining the best mortgage products in Austria, receive free advice , mortgage finance is available in your own country.
Mortgages in Austria |
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*LTV = Loan to Value
The percentage relationship between the amount of the loan and the appraised value or sales price (whichever is lower).
Austrian mortgages for overseas property buyers
The Austrian Banks are keen to lend but do not expect the 95% mortgages of the UK. A 40% deposit is usually required, especially when lending to foreign residents. This is understandable. The interest rates are around 4% as at March 2006 and a 25 maximum year term is typical. Fixed rates can be arranged.
Types of Mortgage: Repayment only
Minimum loan amount N/A- No Maximum, but must not exceed 60% of valuation or purchase price (whichever is the lower)
Proof of Income: required in all cases. Mortgages need to be supported by a minimum requirement of proof of income, i.e. if employed – copies of your last six month’s payslips & copies of your latest two P60’s together with copies of your last 6 month’s Personal Bank Statements. 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. Non-Status loans are currently not available.
Term: Maximum 25 years up to age 65
Currency: Euros only
Variable Interest Rate: from approx 4%
Example for Euro Austrian Mortgage: Repayment mortgage of approx €100,000 over a period of 25 years at an interest rate of approx. 4% = approx €528 capital and interest per month = a total approximate amount payable over the term of €158,400 excluding other fees.
Eligibility for a mortgages in Austria
Buyers requiring mortgage finance for Property in Andorra can obtain an Andorran mortgage quote. Our qualified brokers will give mortgage advice concerning the best way to fund overseas property purchases. Including remortgages in your own country . Overseas mortgages available for properties in locations world wide
Receive an Austrian Mortgage quote
Austrian mortgage quote here!
Are you a serious buyer looking to purchase property in Andorra and are ready to move forward with your purchase? if so we can provide you with an Austrian mortgage quote
Austria quick facts
Remortgaging in your own country?
Overseas property buyers have a number of options available to them depending upon personal circumstances these include:
Raising finance at home
Cash purchase
Using local overseas mortgage lender
Securing an overseas mortgage with an international mortgage provider
Use local financing from a developer
Our Mortgage Brokers will help you with expert advice.