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Totally New And Want Help

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  • Totally New And Want Help

    hi there my name is michael and i have been interested in buying abroad for a few years now.i have just sold my house in scotland and made a profit of 15k,now a lot of that will be lost because iam paying off existing small loans and wiping the slate clean.now what iam wandering, if for example i wanted to buy a 20k house in bulgaria and 10k to refurbish it.is it possible to take out a mortgage for 30k. i do not have hard cash,but if i was to really go for this,then i might consider a loan,to get the money,but if i were to do this i would be back to where i was. i want to buy to sell, for profit,and then if all goes well i use the profit money for my next project. i really need some advice on this. i want to get somewhere in live and i think i could do this,but money is going to be the holdback, unless this mortgage thing can work.

  • #2
    Hi Mike,

    Mortgages really depend on your financial status back in UK and on the specific property.

    Practice shows that there are many peoplepromissed mortgages and then turned down by Mortgae intermediates.

    I believe if help is needed we can contact all Bulgarian Banks on your behalf and advice you how you can proceed further.
    Solicitor Verzhiniya Dakova
    Solicitor Bulgaria Ltd
    Bulgarian Solicitors