Romania » Mortgages

Twelve months ago banks required rent to net 130 per cent of the cost of interest on their mortgage at the standard variable rate (SVR) - generally around 6.75%. But now banks are insisting on only 100 to 125% of the interest on the mortgage and the interest rate used in the calculation is the actual mortgage rate not the SVR.

 

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	From 8%
Loan purpose	Purchase of houses/apartments.
Min Loan	€10,000
Max Loan	60% loan to value.
Term	35
Max Age	70
Repay method	Capital and repayment
Currency	EUR
Additional info	Total debt should not exceed 40% of income. This includes new Romanian mortgage.