Quote:
Originally Posted by brigon
Your company setup price is way out of line, to be honest double, accounting etc is not that difficult nor expensive. Regarding your mortgage you can easily get 75%LTV on your own name as non-res. just have to send all paperwork notarized and some also with apostille (the Hague) and translated, banks are happy to hold mortgage. Rates are more then anywhere else in europe, but that will hopefully come down.
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With all due respect Brian, mortgages here are not eaily gotten for foreigners and no one should enter into a contract before receiving written guarantee. Bank managers will promise you anything you want with the famous Romanian phrase of 'No problem' then show how incompetent they are when it comes to delivering.
Mortgages are also not available for companies unless proof of income and self employed people will not be considered.
Bottom line, mortgages are not simplistic and we have numerous clients who are testament to this.
On taking into consideratin the above, it can be done, but anyone entering into a pre-contract and reliant on a mortgage must have a clause subject to finance or they will lose their deposit
David Howe LLB. LLM
www,investmentromania.com