Getting a Mortgage in Poland
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Getting a Mortgage in Poland
This is a fairly new area for buying property and arranging mortgages to overseas purchasers and at present the lenders are still quite sceptical about lending to non-residents. However, it is possible, especially if you have links to the Country. If you need finance to purchase a property in Poland, then mortgages.co.uk can help. We can put you in touch with a team of licensed credit brokers, who have over 20 years, experience in this field. Please use the enquiry form below and we will contact you.
Mortgages can be offered in a variety of currencies, giving flexibility, and up to a maximum of 80% Loan to Value for Polish descendents and 50% for other investors.
Poland's economy is strong, with 3.6% GDP growth in 2003 and on track for 6% in 2005. Inflation was 3.6% last year. Interest rates are at an all time low and are not expected to rise through 2005. Corporate taxes were slashed from 24% to 19% in 2004. The unemployment rate in Warsaw is 6.5%.
With a population of 38.6 million and a Gross Domestic Product of 230 billion USD, it accounts for over half of the accession population and 41% of GDP.
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