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Motgages in Montenegro
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| Motgages in Montenegro |
Posted: Oct 3 07 19:37
Total Posts: 10
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I have a property being built in Montenegro due to complete next year & would like to get some kind of mortgage on this.
Has anyone been down the mortgage route allready or are they simply not available to foreigners yet ?
Rob
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Posted: Oct 5 07 15:52
Total Posts: 11
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Hi Rob
I've been watching this and as yet no mortgages are available buy maybe next year there might????
Where have you bought? I've bought one due to complete next summer called blue horizon near sveti stefan.
Lori
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Posted: Oct 5 07 15:58
Total Posts: 0
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Hypo Group Alpe Adria Bank now offer mortgages to non-residents for Montenegro.
The terms of the mortgages being offered are as follows:
Up to 50% LTV
Repayable over 3 to 10 Years
Interest rate approx 9.33%
2% Administration Fee
Currently only available for built properties
Not that appealing...
For further information contact their London office on +44 20 7730 7764.
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Posted: Oct 5 07 16:17
Total Posts: 10
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Liz
Thanks for that, I'll give them a call and see what they have to say.
Lori
I have bought near Dobrota a development called Boka Heights not far from Kotor old town.
Rob
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