Mortgages in Slovakia are available to non residents looking to buy completed properties. Before lending, banks will look at your Debt to Income ratio (DTI) which is typically 35%.
The amount offered to individuals is calculated by subtracting 35% (and any other loan or mortgage repayments) from their net income.
For example if your net income is £2000 per month, your DTI will be £700 minus mortgage of £400 will leave £300 per month to service your mortgage.
The costs for setting up a Slovakian mortgage are typically 1% of the loan amount and interest rates follow the variable rate so can change every 3 months.
Once Frontiers Financial Services have submitted your mortgage application to the Slovakian bank you will be assigned a member of our after sales team who will liaise with bank and give you regular updates on your mortgage application.
