How much did you pay for your unit(s) in Bansko!

Jain and Chris · #64 29-05-2008, 02:26 PM

Well, yes, maybe you did fall into a trap, maybe not.

I don't know why things aren't explained at the beginning... but then I suspect a property agent in England wouldn't spend time explaining things to foreign purchasers either.

Get in touch with Chris Downham, I'm sure he'll try and help - and probably will be able to.

By the way, does your prelim contract state whether VAT is included or excluded? That will tell you the total price.

Meanwhile, let this be a note to everyone - VAT on the purchase price does not count in bank valuations (it wouldn't in the UK either), nor do furnishings (again they wouldn't count for mortgage purposes either in the UK). The banks are acting in exactly the same way as they would in the UK - bricks and mortar valuation only. So, Bulgaria is no different to the way the UK considers mortgage applications.

I'm sorry you feel you've been deceived but I think the banks are acting in exactly the same way as they would in the UK - bricks and mortar valuation only. So, Bulgaria is no different to the way the UK considers mortgage applications. Maybe the lender should have made this clear? Maybe the agent? I don't know.

But I really hope you get it resolved soonest.

All best wishes