Bulgaria Ski discussion board
pirin golf mortgage
Author:Gareth
posts : 434 (Expert)Date : 08-18-08 14:28re: pirin golf mortgage
philipf - my apt is inside the golf course Pirin District 1.
Its within the Golf course and the contracts which I have read through with my lawyer (and due to this specific issue raised I made sure that this was the case with the golf) and within the complex you have sole use of the Golf course. I have a contract to become a member of the course which would give me pref over tee times over those other owners who just fancy a game during their stay.
I am using Balkenstroy for my ...
Its within the Golf course and the contracts which I have read through with my lawyer (and due to this specific issue raised I made sure that this was the case with the golf) and within the complex you have sole use of the Golf course. I have a contract to become a member of the course which would give me pref over tee times over those other owners who just fancy a game during their stay.
I am using Balkenstroy for my ...
philipf - my apt is inside the golf course Pirin District 1.
Its within the Golf course and the contracts which I have read through with my lawyer (and due to this specific issue raised I made sure that this was the case with the golf) and within the complex you have sole use of the Golf course. I have a contract to become a member of the course which would give me pref over tee times over those other owners who just fancy a game during their stay.
I am using Balkenstroy for my furniture & using them as my letting agents.
A friend of mine has bought outside the golf course and at the time it seemed great with views over the 9th hole & use of the golf course however as it turns out they have no view of the course nor of the mountains & possibly own an asset which is totally worthless/unsellable - ITS A SHAME BUT THATS THE REALITY they were cheaper.
Anyway why has noone answered the question about the mortgages?
Its within the Golf course and the contracts which I have read through with my lawyer (and due to this specific issue raised I made sure that this was the case with the golf) and within the complex you have sole use of the Golf course. I have a contract to become a member of the course which would give me pref over tee times over those other owners who just fancy a game during their stay.
I am using Balkenstroy for my furniture & using them as my letting agents.
A friend of mine has bought outside the golf course and at the time it seemed great with views over the 9th hole & use of the golf course however as it turns out they have no view of the course nor of the mountains & possibly own an asset which is totally worthless/unsellable - ITS A SHAME BUT THATS THE REALITY they were cheaper.
Anyway why has noone answered the question about the mortgages?
re: pirin golf mortgage
What made you pick Balkenstroy for your letting agents? I have rental contract through from Pirin Golf & Country Club Management. Do you get a guaranteed rental income with them? What is the price of their furniture packages like?We have bought in Pirin III. Have you been told when your apartment will be ready?
No-one seems to be answering question on mortgages!! Would just like to know if anyone else has taken on of these out and which Bank they have taken it out with.
re: pirin golf mortgage
Well Ive not bought any furniture as yet just sussing it out.
Pirin District 1 was supposed to be completed by Sept 14th however this has now been delayed until Dec14th so a Balkanstroy told me. I have sent repeated emails to Legal independance asking about this and no response for the past few weeks.
Personally I have a studio and the prices quoted are E6k but with a renatl guarentee for 1 year but I think it makes more sense to use the developer which does seem to have top end kit & ...
Pirin District 1 was supposed to be completed by Sept 14th however this has now been delayed until Dec14th so a Balkanstroy told me. I have sent repeated emails to Legal independance asking about this and no response for the past few weeks.
Personally I have a studio and the prices quoted are E6k but with a renatl guarentee for 1 year but I think it makes more sense to use the developer which does seem to have top end kit & ...
Well Ive not bought any furniture as yet just sussing it out.
Pirin District 1 was supposed to be completed by Sept 14th however this has now been delayed until Dec14th so a Balkanstroy told me. I have sent repeated emails to Legal independance asking about this and no response for the past few weeks.
Personally I have a studio and the prices quoted are E6k but with a renatl guarentee for 1 year but I think it makes more sense to use the developer which does seem to have top end kit & will be using idential furniture in other studios across the complex so if one thing gets broken its easily replaced.
MRI and others are all possibilities.
With Mortgages Its a real struggle to get cash currently so really I think the only way to do it is to release equity in the UK (I hope noone has bought and no longer has any equity remaining as they might be about to lose all that they have put into the bulgaria venture due to failure to stump up the extra cash).
Anyone in this for the short term i.e. sub 10 years may just not be able to sell at any price!!!
Pirin District 1 was supposed to be completed by Sept 14th however this has now been delayed until Dec14th so a Balkanstroy told me. I have sent repeated emails to Legal independance asking about this and no response for the past few weeks.
Personally I have a studio and the prices quoted are E6k but with a renatl guarentee for 1 year but I think it makes more sense to use the developer which does seem to have top end kit & will be using idential furniture in other studios across the complex so if one thing gets broken its easily replaced.
MRI and others are all possibilities.
With Mortgages Its a real struggle to get cash currently so really I think the only way to do it is to release equity in the UK (I hope noone has bought and no longer has any equity remaining as they might be about to lose all that they have put into the bulgaria venture due to failure to stump up the extra cash).
Anyone in this for the short term i.e. sub 10 years may just not be able to sell at any price!!!
re: pirin golf mortgage
Mortgages for Pirin Golf are available - you have to shop around. Normally terms and conditions apply, but this is everywhere now. You may not expect Spanish crazy 100% from 2006 with the small script that makes many suffer now.Shop around but don't delay. Usually it takes 10-14 weeks on average for approval. Pirin Golf phase I is 2-3 months before completion (Pirin - I, Pirin - III , Downtown and the Lake) .
re: pirin golf mortgage
Could you give some suggestions as to possible banks as I dont really know where to start.Ideally id want a UK based bank/actual branch I could go into or call up in the UK on a UK phone number.
re: pirin golf mortgage
We have got mortgage through DSK Bank and will be opening a bank account with them. They have internet banking so will be able to do a lot of the banking from home. We were put on to them through a company called Fresh Credit. We were advised to use them for our mortgage. They are based in Bulgaria but have an office in London.re: pirin golf mortgage
Hi Gordon,Tried to find this company Fresh Credit Sofia on the internet - no success. If they provide better rates from DSK how can we contact them?
John
re: pirin golf mortgage
One point I would raise is be carefull about the renting option. Our family looked at Pirin Golf a while back but were put off by the "small print" a couple that I remember were..
1. If you take the 12 month Guarenteed rental option you can use your apartment for a "limited period" ...they tell you when you can use it in the first year. Or when you can use it if you extend beyond the 12 month period.
2. If you do not take up there inflated furniture pack deal, then the apartment may not ...
1. If you take the 12 month Guarenteed rental option you can use your apartment for a "limited period" ...they tell you when you can use it in the first year. Or when you can use it if you extend beyond the 12 month period.
2. If you do not take up there inflated furniture pack deal, then the apartment may not ...
One point I would raise is be carefull about the renting option. Our family looked at Pirin Golf a while back but were put off by the "small print" a couple that I remember were..
1. If you take the 12 month Guarenteed rental option you can use your apartment for a "limited period" ...they tell you when you can use it in the first year. Or when you can use it if you extend beyond the 12 month period.
2. If you do not take up there inflated furniture pack deal, then the apartment may not meet the required standard and therfore they will not act as agents (Central Management System)
If you buying to rent and there are a few of you on the forum, why not set up a cheap internet site between you and advertise all you apartments on one page / site. skiers and golfers mostly go away in groups and often need a few apaartments. just an idea.
Good luck but in the words of Peter Jones....I'm out.
1. If you take the 12 month Guarenteed rental option you can use your apartment for a "limited period" ...they tell you when you can use it in the first year. Or when you can use it if you extend beyond the 12 month period.
2. If you do not take up there inflated furniture pack deal, then the apartment may not meet the required standard and therfore they will not act as agents (Central Management System)
If you buying to rent and there are a few of you on the forum, why not set up a cheap internet site between you and advertise all you apartments on one page / site. skiers and golfers mostly go away in groups and often need a few apaartments. just an idea.
Good luck but in the words of Peter Jones....I'm out.
re: pirin golf mortgage
People should view rental income as a bonus not something to be relied onJim
Bulgarian Propertyhttp://www.bulgariasfinest.com
re: pirin golf mortgage
Gordon - I have tried that London tel number and looked on the website and the numbers dont work either UK or Non Uk numbers!Are there any other UK based Bulgarian mortgages providers? Who else can you go to?
