Property in Romania

Mortgage in Romania

Mortgages in Romania are now available to non-Romanian citizens.

Whether your purchased a property through Romanian Properties Ltd, directly to the owner or through another estate agency, we will be happy to help you with your mortgage application.

We work with several banks and brokers on the Romanian market who can help you if you purchased a property in your own name or through a company.

Please see below detailed information on Romanian mortgages currently available in Romania:

Duration Up to 25 years
Minimum Deposit 25% of the property price
Administration fee Apartment: 150 euros / House or land: 200 euros
2.0% of the lent amount (minimum: 150 euros)
Building and life insurance 0.03% of the value of the property (re-evalued every year)
To be paid on a monthly basis
Early settlement fee 2.0% of the settled amount (minimum 100 euros)
Criteria of eligibility Age: < 65 years

How to get a mortgage in Romania: Step-by-Step Guide

You will find below a step-by-step guide to obtain a mortgage in Romania.
Romanian Properties Ltd will help you through every stage of your mortgage application.

1st Step: Gather the following documents
1/ Cover Letter
a- The cover letter should state: "Mr/Mrs/Ms ... is employed since ... by .... on a permanent basis with a monthly net salary of ..."
b- The cover letter needs to be certified by a solicitor in the United Kingdom.
c- The cover letter then needs to be translated in Romanian and legalized by a Romanian solicitor

2/ Copy of your employment contract
3/ Copy of your passport

2nd Step: Open a bank account
You will be requested to go to the local bank in Romania with your passport to open a bank account.

3rd Step: Pre-offer
The bank will provide you with a pre-offer stating the mortgage amount that you can get.

4th Step: Pre-contract
Once you have made the decision of which property you wish to purchase, a local solicitor will write the pre-contract in English and Romanian between the seller and yourself.
The pre-contract will mention the price of the property as well as the deposit payment.

1,000 euros deposit will be required to be paid when you sign the pre-contract. 25% of the property price (minus 1,000 euros) will be required to be paid cash when you sign the final contract.
75% will be transferred by the bank to the seller once the final selling contract is signed.

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