A new mortgage scheme for buying properties in Poland is set to be officially unveiled this week at the Mortgage Business Expo.
Independent overseas mortgage specialists Conti Financial Services are the first to offer such a scheme, with Conti arranging lending up to 80% of the value of the property on a par with many of the EU states in which the broker also operates mortgage schemes.
Simon Conn, senior partner of Conti Financial Services, says: “Now is a great time to buy in Poland. As investment opportunities in the UK diminish, purchasers are increasingly looking abroad, seeking a good return on their investment.
“The result is that in countries such as France and Spain the great deals of the past are far harder to find as prices move up strongly with demand. Poland joins the EU in 2004 along with Cyprus and Malta and Conti believe the political and economic stability this will bring increasing opportunities for investment in buy-to-let schemes.”
Conn adds: “I also expect both the lending terms and legal process to further ease in these countries, so making the purchasing procedure that much smoother.”