Mortgages in Poland

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Dec 13, 11, 00:51 #1

Hi there, my Polish wife and I currently live in the UK in our own house (with a mortgage). The thing is, we want to buy something over in Poland in or near to Zabierzów (Krakow area) because sooner or later we will most likely end up in Poland. It's certaily where I want to raise a family once I can speak the lingo.

Preferably looking to get a mortgate in GBP as opposed to Zloty's because thats the currency we both earn in. So where is the best place to go to get a mortgage on a house over in Poland while living and working in the UK? Does anybody recommend any spcialist UK companies at all?

Also, does it make a difference if we wanted to build a house over a number of years as opposed to just buying one? I know when buying a house you're meant to budget for around 10% in Polish fees etc. but not sure if there are any additional fees when building.

I'm reading profusely through threads on this forum. However, if anyone has any tips or advice to offer it would be greatly appreciated.

Cheers in advance all.

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Dec 13, 11, 10:13 #2

Hi Marcus, best would be to find international estate agents that operates in Poland as well as in UK, but even if they don't operate in UK, big estate agents (like Emmerson Nieruchomosci, AD Dragowski) should be able to guide you.
You will most certainly speak to your banks in UK and in Poland about financing options, generally you can take mortgage for certain portion (I think at some stage it was 70% if you are non resident in Poland, but this could have change).

ShadyMarkusThreads: 3 Posts: 4 Joined: Dec 13, 11 ♂	Dec 14, 11, 03:26 #3
Hey up Sally, thanks for the info. I've had a look at those two sites too although for whatever reason they seem to be a lot more expensive than others I've looked at. Saying that though I have noticed that any site that translates to English seem to give you less for your money than a native Polish site (Gogle translate or the wife for the win :D).

sa11yThreads: 4 Posts: 191 Joined: Dec 12, 11 ♀	Dec 14, 11, 06:31 #4
Fees are negotiable, there are lots of agents, make sure you use reputable one, those two are just examples. They have nice offices in Warsaw, so quite a something to maintain ;-)

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Feb 21, 12, 00:41 #5

How did it go Markus?

I was in a similar situation as yourself with exception I'm Irish and both my wife and I were working in Ireland when applied

We got a mortgage eventually with Nordea (only other real alternative was Deutsche Bank) but it was an incredibly long drawn out process and we ended up having to to give my wife's mother power of attorney to act on our behalf given the number of documents that needed to be lodged and signed - usual multiple versions of each as they either misplaced copies or took so long to process that they were too old by the time they got to them! All this by the way while having owning the site whose value was around 1.5 times the size of the mortgage...

Took about five months to get it but we got there eventually. In a way it;s a frefreshing change to see banks actually be careful but Nordea took it to an extreme.

If you have any particular questions sure give me a PM and can see if can help!

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