Croatia is becoming increasingly popular as a holiday destination and its' real estate market has increased dramatically in recent years. It is likely that Croatia will be granted EU membership in 2008. The Croatian currency is the Kuna.

In order to purchase a property in Croatia it is necessary to set up a Croatian registered Company.

Proof of income is required in all cases. To obtain your mortgage in Croatia 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

Full status mortgages are based on affordability. All your exisiting liabilities, including any rent/mortgage payments, loands, credit card payments, etc., in addition to your proposed Croatian mortgage repayments cannot exceed 35% of your net monthly income.

* Max age 65 * Max 50% LTV * Repayment only * Maximum Term 10 years * Euros only * Rates from approx 8.60%

Example: Euro mortgage: a repayment mortgage of approximately €100,000 over a 10 year period at approx. 8.6% = approx. €1,245 capital and interest per month. Approx. amount payable over the term of €149,400 excluding other fees.

You can contact agents able to assist with your property purchase by completing this form

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.