There are over a quarter of a million overseas property investors in Estonia and this figure looks set to rise in the near future. Many of these foreign property investors will have taken out mortgages to help fund their property and real estate purchases.

Mortgages in Estonia

Typically, a mortgage in Estonia will have an interest rate of about 4.5% upwards and providers are happy to lend for both residential and property investment purposes. The minimum loan value for most mortgage providers is 10,000 Euros and most require a 20% deposit. The average term for an Estonian mortgage is 30 years. Most Estonian mortgage providers will also look at the income of the property investor and the cost of the mortgage plus outgoings must not exceed the investor’s income.  Read more... (284 words, estimated 1:08 mins reading time)