Bulgarian Property
Bulgarian Property - Financial & Legal Services
To help you purchase your Bulgarian property we offer a range of financial and legal services to assist you during the buying process. Our aim at all times is to make your Bulgarian property investment as easy and secure as possible. If you require any additional services don't hesitate to contact us.
Bulgarian Property Mortgages
If you would like to arrange finance for your Bulgarian property we are happy to assist with this. We can provide all the relevant documentation for your credit application. There are a number of methods of securing finance on your Bulgarian property so it is best to discuss this directly with us. Some of our buyers choose to release equity from their existing properties whereas other buyers opt to take a mortgage from a Bulgarian bank.
On some of our properties we can offer extended payment plans or non status financing. Please ask us for further details about these options.
Foreign Currency Exchange
The official Bulgarian currency is the Lev and it is pegged to the Euro at a fixed rate. As a result all our contracts are based in euros. For customers who are transferring funds from a currency other than euros we recommend that you use a currency broker rather than your bank as banks do not offer very competitive exchange rates or fee. We are happy to recommend Pure FX who have provided good value and service to many of our customers. By using PureFX you get:
- Exemplary levels of service
- Preferential exchange rates
- Zero Commission
- Security and regulation backed by the FSA
- 24 hour trading lines
- Dedicated Currency Dealer from start to finish
By using a currency broker it takes the hassle out of transferring money abroad. Your personal currency dealer can also discuss with you the best options for managing your currency risk during the build period. If necessary it is possible to reserve all your currency at a fixed rate so that you know exacting what the future cost of your property will be. For more information or to discuss your foreign exchange requirements, please contact James Roberts on +44 (0) 1494 474466 or email james.roberts@purefx.co.uk
Bulgarian Property Insurance
Once you Bulgarian property in completed it is important that you protect it with the appropriate level of insurance. We are happy to arrange competitive quotes for you property. Please contact us for more information.
Local Bank Accounts
Many buyers find it useful to have a bank account with a local Bulgarian bank. This can be used for payment of bills, paying a mortgage if you have one and also for receiving rental payments. If you need assistance in setting up a local bank account don’t hesitate to contact us.
Legal Services
With any Bulgarian property purchase it is very important to ensure that you have the correct legal representation. In Bulgaria they use a system of public notaries which are regulated by the government and check that all your documents are in order before the property is transferred to you. In additional to this some buyers also choose to retain a personal lawyer to give them additional protection. We are happy to recommend a number of independent English speaking lawyers should you need this service.
Over the last few years Bulgarian property investment has become very popular especially with those investors looking for a quality property at a reasonable price. As with all property investments it is important to have the necessary legal and financial advice if you are considering buying Bulgarian property. At Concept Bulgaria we are happy to guide you through the process of buying your ideal Bulgarian property and after the purchase stage we can offer a range of service to make sure that your Bulgarian property is properly managed at all times.