Interest Rates for Home loans In poland

This thread hasn't been updated since the credit crisis.

Are foreign currency loans still available in Poland? Or is the better question are ANY mortgage loans still available in Poland?

What are the current interest rates in PLN, DOLLARS, EUROS???

VaFunkooloThreads: 7 Posts: 823 Joined: Mar 24, 08	Jul 24, 08, 09:51 / #
andy b: I don't know any Polish bank that will re-mortgage if you have owned the property for more than 2 years. Interesting. Thanks

daniel.podpora	Jul 28, 08, 07:42 / #
andy b: It all depends how long you have owned it for. Unfortunately, I don't know any Polish bank that will re-mortgage if you have owned the property for more than 2 years. i know :) if you refinace your loan the procedure is even easier , you do not have provide any financial documents, bank accept only statement that you work and the conditions are very very good: 0% bank commission, 1% bank margin if somebody has a metro it is a very good offer to refinace it, but we have to remeber about repayment fee in metro :( in metro there is 3rd and 4th cost: 3rd: spread 8,33% 4rd: refundable cover/deposit which is 3 or 5 multiply by your installments =deposit. it is not a cost but this money you block kind regards daniel.podpora@rednetproperty.com

ParisJazzThreads: 2 Posts: 196 Joined: Oct 23, 07	Jul 28, 08, 08:26 / #
Hi Daniel Could you please clarify what you've just said regarding refinancing a property in Poland, i.e. Could you please make no assumptions that some things are self evident. I know u r not a native english speaker but better structuring your posts could help getting you customers. Example: Ive got a property financed thru Dombank. Its value rose substantially, how can I remortgage the property to release cash, and what are the available offers ? Thanks PJ.

daniel.podpora	Jul 28, 08, 10:09 / #
i will try to not make mistakes :) if you send me some details: current value of the property amount of loan/term/interest rate/ monthly installment and i will be able to check how much you can release

polandabroad	Feb 13, 09, 01:30 / #
This thread hasn't been updated since the credit crisis. Are foreign currency loans still available in Poland? Or is the better question are ANY mortgage loans still available in Poland? What are the current interest rates in PLN, DOLLARS, EUROS???

andy bThreads: 6 Posts: 195 Joined: Nov 26, 07	Feb 26, 09, 10:28 / #
This thread hasn't been updated since the credit crisis. Are foreign currency loans still available in Poland? Or is the better question are ANY mortgage loans still available in Poland? What are the current interest rates in PLN, DOLLARS, EUROS??? Yes, foreign currency loans are still available in Poland. In general the margins charged by the banks are higher than for PLN loans. The offer for non-residents (and foreigners) who want to get a mortgage in Poland is much more restricted, but there are still a handful of banks who will grant such mortgages. Current interest rates: PLN 4.6% (Wibor 3m) + margin 1.5-2.5% EUR 1.91% (Libor 3m) + margin 2-3% USD 1.24% (Libor 3m) + margin 2-3% GBP 2.06% (Libor 3m) + margin 2-3% CHF 0,49% (Libor 3m) + margin 2.5-5% If you believe the zloty has been oversold, then it could be a good time to be taking out a foreign currency mortgage in Poland. Obviously, such a strategy is more risky, as the events of the past six months have demonstrated. If you are interested in being referred to Polish banks that can potentially get you a mortgage in Poland (as a non-resident or foreigner) please visit my website www.poland-mortgage-direct.com

JucheThreads: 13 Posts: 356 Joined: Feb 17, 09	Feb 26, 09, 10:45 / #
In Korean Peoples Democratic Republic all homes provided by the Dear Leader, no need for usury and greedy foreign capitalist banks. Visit Pyongyang and see the wave of the future.

szarlotkaThreads: 14 Posts: 3,340 Joined: Feb 20, 07	Feb 26, 09, 10:52 / #
Juche: Visit Pyongyang and see the wave of the future. By the time I could get an entry visa, I'd probably be dead. So I'll pass on that for now;)

vndunneThreads: 71 Posts: 337 Joined: Jan 12, 07	Feb 27, 09, 13:21 / #
Andy B, Thanks for the updated information on the interest rates. Just a quick question...In relation to the EUR Libor, would it be better to be on the 3m libor rate or a 6 month libor rate? And do you know if banks would offer both options. The reason why i ask is that i am on a 6m libor rate and it seems quite high. I know the rates have come down a fair bit over the past number of months so will be expecting a nice reduction in the next 6 months.

merliaThreads: - Posts: 3 Joined: Feb 27, 09	Feb 27, 09, 14:24 / #
Very good stuff. You guys keep adding all these new features.

daniel.podpora	Mar 8, 09, 21:16 / #
halo 3 or 6 (3M, 6M, 12M) figure is telling you how the bank is calculating the LIBOR rate. if you have 3M it means that it is an average for the last 3 months. the shorter Libor the better for the customer. Andy B can you please provide also information what is the LTV and the term of the loan. It is quite important information in these days. the maximum LTV is 80% or 70%. Also it depands when you work and live Also as you are aware there is a different offer for self employed. I assume that the conditions in your post are for the full-time basis. am I right? kind regards Daniel Podpora Free Lancer Independent mortgage advisor daniel.podpora@gmail.com