Hungary » Mortgages

The mortgage market in Hungary is gradually becoming more developed and competitive. More options are becoming available for property buyers in Hungary, both for locals and foreign buyers. There is a type of interest only mortgage available. It is interest only for the first 5 years then becomes a repayment mortgage in year six.

You can arrange a mortgage through a bank in Hungary. Several international banks operate in Hungary that lend to Hungarian property purchases. Secondly, you can use a property in Hungary which you already own as security. Hungarian banks will allow you to borrow against your existing property if the purpose of the loan is to invest in another Hungarian property. Currently the maximum loan to value is 80% for off-plan and new properties. And for re-sale properties it is 70%.

Guide to the mortgages in Hungary:

Keep in mind that for many countries, there is often more than one deal available and this page merely represents an overview of the typical requirements.

Typical Rate	5.25% CHF
Loan purpose	Residential Purchase, Investment, Refurbishment, Re-Mortgages (unencumbered property only) and commercial (different terms apply to commercial)
Min Loan	£2000
Max Loan	50 -70% of the properties purchase price (depending of affordability)
Term	1-35 Years available
Max Age	68
Repay method	Capital and Interest.
Currency	Euro, Swiss Franc or Hungarian Forint.
Additional info	Your loan is based on your joint net ‘take home’ pay. All of your existing liabilities including any mortgage/rent payments, personal bank loans, credit card payments etc together with your proposed Hungarian mortgage payments. Restrictions apply for Hungarian companies, Kft or Bt. Maximum 50% loan to value. Term 7 to 10 years. Self-cert available up to 50% loan to value. Restricted developments.