FORT NOKS

Posted: **Sun Mar 18, 2007 10:36 pm**

can anyone give me any info for a bulgarian mortgage,and is it true that the bulgarian banks undervalue the properties

Posted: **Mon Mar 19, 2007 10:17 am**

HELLO, MY MORTGAGE IN BULGARIA IS WITH DSK BANK AND I AM HAPPY WITH IT.THE MORTGAGE PROCESS IN BG TAKES AROUND 10-16 WEEKS SO BE PREPARED.THE BANKS DEFINITELY UNDERVALUE BY A FAIR BIT,THIS IS TO COVER THEMSELVES IN THE EVENT THAT YOU DEFAULT AND THEY HAVE TO SELL THE PROPERTY QUICKLY OR TO A BULGARIAN WHO WOULD PAY MUCH LESS THAN US IN THE FIRST PLACE!

Posted: **Mon Mar 19, 2007 3:46 pm**

Fort Noks have useful information on their web site about the terms for mortgages of different banks in BG. I know that FN can not give you the mortgage but they can help you with the paper work and others. The person in charge in FN is Dimitar.
Hunter

Posted: **Tue Mar 20, 2007 9:24 am**

We took a mortgage out with DSK bank and are pleased with it although it did take a YEAR to arrange!!! we went through Bulgarian Home Loans based in UK. Good luck

Posted: **Tue Mar 20, 2007 8:11 pm**

dsk bank is the best