Euro Mortgages

For most people, taking a Euro mortgage has usually been quite a daunting process?essentially due to lack of information and the obvious language barrier.

However, it is a lot a less complicated these days as the process is much simpler, thanks to the recent changes by the European banks.

Here is a list of documents required in order to apply for a Euro Mortgage:

• Last 3 months pay slips
• Proof of other income (if any)
• Last 3 months bank statements, evidence of deposit + savings
• Copy of identity documents (such as passport)
• Proof of address (copy of a utility bill showing your address, such as electricity bill)
• Copy of the last annual tax statement if employee (P60)
• Tax certificate if self employed + accountant?s letter to confirm income
• Copy of marriage certificate (to show maiden name)

You will also need to provide:

• The sale agreement or reservation contract for the house (or the land) you?re purchasing
• Sales agreements for the house you?re selling (if any)
• Documents showing the value of the house
• Title deeds
• Payment schedules for your current loan
• Quotes (if work or building)
• Building permit or an acknowledgement of the request for planning permission (if work or building)

The good news is that the whole process of obtaining a Euro mortgage is now very simple and not half as scary as you might think. You'll be also happy to know that it's possible to take out a Euro mortgage at a rate of just under 5% fixed for 25 years !!!!