Balkan Horizons Ltd

	Piraeus Bank	DSK Bank	Invest Bank	First Investment Bank	UBB	BulBank
Loan to Value	70%	70%	70%	70%-80%	60%	65%
Availability	Purchase and Remortgage	Purchase Only	Purchase Only	Purchase Only	Purchase Only	Purchase Only
Interest Rate	6.2% Variable	7% Variable	9.9%, interest only for 1st 3 years	5.99% 1ST year Then either 8% or 9.5%	5.95% for 3 years then 7.95%	7.58%
Currency	Euro only	Euro only	Euro, BGN	Euro, BGN, USD	Euro	Euro, BGN, USD
Term	5-20 years	5-20 years	5-15 years	1- 20 years	5-15 years	0-15 years
Loan amounts €	40K min – No max	5K min – 200K max per loan	No min or max	5K min – no max	7.5K – 150K	TBC
Status	Full status	Affordability only	Non status	Affordability only	Full status	Affordability
Total credit limit €	Unlimited if fit strict criteria, multiple loans allowed.	300K max, only 1 mortgage for 1st 6 months	Unlimited	Limited by affordability	Limited by affordability	Limited by affordability
Available to	UK & Irish, individuals or Bulgarian Ltd company	UK only, individuals only	Any country for individuals and BG companies	Any country for individuals and BG companies	EU, USA & Canada for individuals and BG companies	Any country, individuals only
Repayment method	Repayment only	Repayment only	Repayment or Interest Only	Repayment only	Repayment only	Repayment only
BHL upfront fee +VAT	Ł150	Ł150	Ł150	Ł150	Ł150	Ł150
BHL application fee +VAT	Ł150	Ł150	Ł150	Ł150	Ł150	Ł150
BHL completion fee +VAT	Ł200	Ł200	Ł200	Ł200	Ł200	Ł200
Arrangement fee	1% of loan	1.3% of loan	2.5% of loan	2% of loan	1% + 0.5% per annum	1% + 0.25% per annum
Banks legal fees	€1,200 or €2,000 if they also do your legal work	Nil	Nil	Nil	Nil	Nil
Valuation fees	variable	€500	Ł210	Ł210	Ł210	Ł210
Insurance	Buildings compulsory	Buildings compulsory	Buildings compulsory	Included	Included	Included
Redemption penalties	3% yr 1, 2% yr 2	5% for term but soon to change for existing and new cases	0% on sale, 4% on refinance	5% for life of loan	5% for life of loan	TBC
Staged payments	Completed properties only	Available on approved developments or if you can take ownership at roof level	Yes	Yes but only for loans of up to 70%	Yes	Completed properties only
Bank Account	Not mandatory	Mandatory with DSK	Mandatory with Invest Bank	Mandatory with FIB	Mandatory with UBB	Mandatory with BulBank

Mortgages