Five tips from Credit Europe Bank Romania for a successful mortgage application with income from abroad

If you're planning to buy a house in Romania through a cross-border mortgage, it's crucial to take the necessary steps to ensure a successful application. Make sure to check all the requirements and have all the necessary documents ready before applying. This is an essential step towards achieving your goal of owning a property in Romania.

Keep reading to learn more.

What is a successful mortgage application for a Credit Europe Bank mortgage in Romania?

The process of applying for a Credit Europe Bank mortgage in Romania is straightforward, especially since the bank accepts documents in English. 

To help you through the process, Credit Europe Bank offers five tips to consider when applying for a cross-border mortgage:

1. Prepare the required documents for the mortgage application carefully

The good news is that you don’t need to translate and legalize the documents if they are already in English.

2. Make sure you have payslips from January of the previous year until today

Remember you must have at least 1.500 euros monthly net income. Moreover, Credit Europe Bank accepts the income received by a person employed at its own company abroad.

3. Have bank statements from January of the previous year until today 

It’s necessary to check your sources of income and determine the debt-to-income ratio.

4. Check if the tax form contains all the correct information about the received income and the taxes paid in the last year 

The tax form is one of the essential documents to calculate the credit offer. If you’re working in the UK, P60 is issued in April every year.

5. You have the deposit for the property ready

It’s possible to apply for a mortgage on your own, and Credit Europe Bank doesn’t impose a co-debtor.

The Easter Holiday is a busy period for Romanians living abroad who want to access a mortgage in Romania. Using the Homevest platform, you can ensure your mortgage application is ready for a quick assessment. 

Finish your mortgage application with Homevest through an easy, fast, and fee-free process.

If you already have a property, received the official Credit Europe Bank offer, and have somebody to authorize the notary transaction, there is no need to travel to Romania. 

We recommend obtaining professional or specialist advice before taking or refraining from any action based on the content in this article. The information in this article does not constitute legal, tax, or other professional advice from Homevest Limited. Prior results do not guarantee a similar outcome. We make no representations, warranties, or guarantees, whether express or implied, that the content in this article is accurate, complete, or up to date.