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Mortgages in Greece
Property and Mortgages - Greece

A guide to Greek mortgages

Eligibility and criteria

• Available for purchases only
• Loans available in Euros only.
• Available on a Capital & Interest repayment basis
• The maximum loan to value for a purchase is 70%, Construction loans also available.
• The maximum term is 25 years – available to age 70.
• The minimum loan amount is €250,000 with no maximum
• All schemes require full documentary evidence of income – ‘self-cert’ mortgages are not available.


To qualify for a mortgage in Greece, a calculation is used to establish whether you can afford to maintain the mortgage repayments. 

Your existing liabilities, including your UK mortgage or rental payments, UK council tax, loans, credit card payments and maintenance are taken into account, together with the proposed Greek mortgage payments.  All this must not typically exceed 30% of your monthly net income.  For example if your net joint income is £3,000, 30% of this equates to £900.  If your only liability is your current UK mortgage payment of say £500 per month, this would leave a balance of £400 for your Greek mortgage repayment.

The amount that you can borrow is also restricted by the maximum loan to value as mentioned under Eligibility and criteria.

Proof of income requirements

If you are employed:
• Your last three month’s payslips
• Your latest P60 and/or employers reference
• Your last three month’s personal bank statements

If you are self-employed:
• Your last two year’s audited accounts or Accountants reference (Euro loans only)
• Your last 3 month’s personal bank statements

Other documents will be required and will be confirmed when application forms are sent to you.

Basic financial facts
Max 70% LTV
Max term 25 years
£ 225,000 minimum loan
Repayment Only mortgages
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