Ganesha Global Kft. can now help you with property mortgages. The Ganesha Global Finance Department is headed by Gabor Vitanyi, he has over 4 years experience in the Hungarian banking and financing sector. Gabor is contracted with OTP, Raiffeisen, CIB, Aegon, K & H and Erste banks. He will be able to assist you in gaining financing using your first property, existing real estate to either achieve a 100% LTV on subsequent property investment or refinancing your current property.
Regarding the loan-to-value (LTV) ratio this offer is the best on the Hungarian market for foreigners.
- As the offer is a so called low-documentation loan, no income statements/information are needed thereafter the application process is as simple as possible and as fast as possible.
- In case of foreign individuals this offer has the lowest fees and costs.
- The mortgage can be paid back anytime without huge penalties, only a one time fee of 250 or 1,5% of the loan amount has to be paid depending on the bank.
The following documents are required for the submission of the loan application:
For personal identification
- Personal identity document (Passport), an official document certifying personal identity number/residential address (Drivers Licence) unless these are contained in the personal identity document
- Utility bill no older than 3 months
- Another certificate with photo
- Passport
- Tax ID card or National Insurance Card (Hungarian and/or foreign)
No income check required
List of documents requested by the Bank
Unrestricted use
- Power of Attorney authorisation to arrange the loan on costumers behalf
- Certified Ownership Certificate of current status of the property no older than 15 days
- Bank application form
- Current map of the property in the case single dwelling/ house or plot of land
- Personal bank account in Hungary
- Property Insurance Policy
Property purchase
As above but with the addition of:
- Purchase Agreement /Sales agreement registered and approved of by the Land Registry Office(including mailing address)
- Certified Ownership Certificate of current pre-registration status of the property no older than 15 days
- Agreement of Deposit with Solicitor Escrow Account
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Residential Mortgages for Hungary
What is covered?
- Purchase of houses, apartments and freehold land are available for individuals.
- Unrestricted use
- Refinancing
Loan to Value:
- 50% - 80% of the market value (in some cases it can be 100%)
Maximum Loan Amount:
Interest Rates:
- Euro: 8.7% -9.7% (including bank administration fee)
- Swiss Franc: 5.5% - 8.2% (including bank administration fee)
Maximum Term & Age Limit:
- 25 - 35 years (not more than 68 years old at maturity)
Currencies Available:
- Euro, Swiss Franc or Hungarian Forint
Prepayment Penalty:
- 250 or 1,5% of the amount of the current loan depending on bank
Total Loan Index (A.P.R.)
General fees to consider
Submission of documents
- Ganesha Global loan arrangement fee 200 + V.A.T. (non-refundable)
- Valuation expert for property appraisal 120 / property
- Ownership Certificate 18 / property
- Current map of the property in case 12 / property single dwelling/ house or plot of land
Payment structure for loan arrangement
- Ganesha Global success fee 1000 + V.A.T. or 1.2% of the financed amount whichever is greater
- Notary fee according to the amount of the loan 200 - 600
- Interpreter 150 - 200
- Registration fee for Land Registry Office 50/ property
- Bank administration fee 1.5 % - 3 %
- Property insurance from 8 / month
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Ganesha Global Kft. (Budapest, Hungary)
Contact Person:
Gabor Vitanyi
Tel.: +36 (1) 219 5505
Fax: +36 (1) 219 5504
Tel. U.K.: +44 (0)20 8144 9505
Email: info@ganeshaglobal.eu
Skype: ganesha_global_gabor
Web Site: www.ganeshaglobal.eu
IMPORTANT: Rates are subject to change and the information above is only for guidance. Please contact a representative for up-to-date advice. |
IMPORTANT: A1 Ingatlan KFT has no fiduciary connection to the above company nor does A1 Ingatlan KFT recommend any particular company above another. A1 Ingatlan KFT takes no responsibility for the actions or inactions of any third party company. The information provided is solely for your convenience. If you use this company, A1 Ingatlan KFT makes no representations as to the security, quality, or propriety. A1 Ingatlan KFT and accepts no liability for the content or for any loss or damage caused or alleged to have been caused by the use of or reliance on information contained on our website or goods or services purchased provided by any third party company. |
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A1 Real Estate