100% Developer's Finance (to your Bulgarian Company) on a non status basis.

Each property must be owned by an individual Bulgarian Company in turn owned 100% by the Investor.

An example of the structure of a 100% Developer's Finance funded purchase:

The Mortgage (from a Bulgarian Bank) is granted to your Bulgarian Company (formed by Bulgaria BTL approved lawyers) ? WHY FORMED BY BTL LAWYERS??? that owns the property at 70% of valuation and 7% interest with a charge over the freehold.

WILL BANKS LOAN TO COMPANIES 70% ON AN UN BUILT HOUSE? WHERE IS THE BANKS SECURITY?

The remaining 30% at 7% interest (tracking the Bank rate) is deferred for up to 15 years against the security of a second freehold charge,

WHAT IS THIS, IS DEFERRED FOR 15 YEARS AGAINST A SECOND FREEHOLD CHARGE??? THEY ARE PRETTY SMART THESE BULGARIAN BANKS DOING ANOTHER MORTGAGE 15 YEARS IN ADVANCE. COME ON, WHAT IS THIS?? DEFERRING PAYMENT ON 30% FOR 15 YEARS??? ON A SECOND FREEHOLD CHARGE? HAS ANY ONE EVER HEARD OF THIS BEFORE?

the shares in the owning Company and a Personal Guarantee of £10,000 from a suitable purchasing owner / investor of the Bulgarian Company.
This is not credit status related.

A PERSONAL GUARANTEE OF 10.000 , I THOUGHT THIS WAS FREE? SEEMS BIT FAR FROM SIMPLE.

I THINK THE LAWYERS, YOUR LAWYERS, WHOM EVER YOU EMPLOY SHOULD LOOK AT THIS VERY CLOSELY TO LET YOU KNOW EXACTLY WHAT YOU ARE GETTING INTO!

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