Requirements for a mortgage in Croatia…
As the Croatia property market has become more liberal, more Banks are lending money to buy in the country. In the past, it was extremely difficult for foreignersto buy in Croatia, let alone get a mortgage.
As part of the banks requirements you will be required to open two bank accounts.
One of these will need to be in the currency you borrow and the other would need to be Croatian Kuna.
We will assist in opening these accounts for you. You will need to deposit an amount equal to 5 monthly mortgage payments into your bank account as a reserve. Buildings and fire insurance must be taken out on property.
Other mortgage requirements
- Loan application Form
- Form “Basic data” for the co-debtor
- Confirmation of the employee on permanent employment and salary
- Last 3 pay slips, translated by a certified court interpreter and verified with a public notary
- Confirmation of the domicile bank on the account balance, translated by a certified court interpreter and verified with a public notary
- Photocopy of the passports from all loan participants
- Preliminary agreement or sales agreement (prior to the utilization of the loan, the original cope sales agreement, verified with a public notary on the side of the seller, must be delivered to the Bank)
- The excerpt from the land register for the real estate to be pledged and which is to be purchased from the loan must not be older than 30 days. The real estate, on which the mortgage is established, must be entered in the land register; no encumbrances must be entered in the register, neither by private or legal persons (except a lien for the purchase of the tenancy right).
- Elaboration on the estimated value of the real estate to be pledged, with photographs of the real estate taken by a court appointed expert by the choice of the customer. When the real estate to be purchased is a new real estate, the price from the sales agreement is considered to be the value of the property
- Photocopy of the court’s decision on appointment of the court appointed expert