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Non-Resident Mortgages in Belgium


 

Mortgage Details - Belgium

Since the headquarters of the EU was based in Brussels, Belgium has become very popular with foreign investors. Property prices have risen in the areas surrounding Brussels although the countryside still offers less expensive alternatives. The main languages are French, Flemish & German.

There are no restrictions on the foreign ownership of real estate.

Capital Gains Tax is chargeable on all income from real estate sales, including non-resident companines, and is charged at the basic rate of 40%

Proof of income is required in all cases.

To obtain your mortgage in Belgium you will need, as a minimum requirement, proof of income when you make your application. The following will be required:

  • Employed? Copies of your last six months' payslips and copies of your most recent P60s plus copies of your last 6 months' personal bank statements

  • Self-Employed? Copies of your last three years' audited accounts and copies of your last 6 months personal bank statements and your last 12 months' business account statements

The lending will be based on your ability to pay and takes no account of any rental income from the property. All your existing liabilities (incl. mortgage/rent payments, loan repayments, maintenance (i.e. divorce payments) PLUS the payments for your Belgian mortgage must not exceed 35% of your net monthly income.

*  Max age 65

* Max 70% LTV

* Min loan €30,000

* Repayment only

* Maximum Term 20 years

* Euros only

* Rates from approx 5.00%

Apply Here: Please complete this enquiry form and supply as much information as possible to help us to find you your ideal mortgage in Belgium or any other country




Think carefully before securing other debts against your home. Your home or foreign property may be repossessed if you do not keep up repayments on your mortgage.

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