A 2-storey solid house located in a village area in Oreshak close to Monastery of Troyan, Lovetch Region

Specifications: Troyan region is an extremely picturesque and beautiful part of Stara planina mountain outstanding with its fresh air, lovely green surroundings, mineral springs and authertic traditional architecture.

The natural reserves of Kozya Stena, Steneto and Severen Dzhedem are situated in the region of Troyan and Apriltsi. They are part of the Central Balkan National Park, famous for its unique plant and animal life, wild nature and exceedingly landscape.

There are fantastic possibilities for mountain, eco- and balneological tourism. A great attraction in the area is the Festival of the Plums and the Plum Brandy, which takes place every year at the end of September.

Location: Village of Oreshak is located at about one km distance to the town of Troyan and spreads onto both sides of Cherni lom river. There is the third of the biggest monasteries in Bulgaria, namely the Troyan monastery.

The property for sale is sitauted in the highest point of the area in the village zone above the monastery, providing a stunning panorama view. The house is easily accessible through an asphalted road round the year.

Disposition: First floor: A living room with a fireplace and a kitchen box, a spacious bedroom leading to a terrace. An access to the terrace is provided from the living room through a window of a french type. A large premises used as an storage room for wood, tools ect.

Second floor:  A spacious room, two self-contained bedrooms. There is a swift access to the backyard and the garage from the second level.

Bathroom and WC: A bathroom with WC on each floor.

Accents

• Eco-region with beautiful nature and fresh air
• Suitable for establishing business activities
• Easily accessible round the year
• Very concenient for a excellent recreation
• Good investment

Additional information:

Its easy with us...

We, Mirela Real Estate Agency always strive at making the process of finding and buying property as easy as possible for our clients, that is why we offer a number of services, some of which are directed especially to our foreign clients. If you are a foreigner and wish to buy or rent property, you shouldn't miss the opportunity of having full use of the services by our teams of professionals in the sphere of real estate. They will provide you with helpful service, taking into consideration all the details, as well as legal assistance during the whole process of buying or renting property in Bulgaria. This includes solicitors assistance, full checks of the approved property for encumbrances /mortgages, restraints, statements of claims, established real rights/, preparing all relevant and necessary contracts and paperwork. We are also ready to organize your welcome and stay in Bulgaria, as well as accommodation in a hotel of your own choice, visiting the properties that may interest you, together with a real estate broker and a translator and arranging transportation. You may need advice after the purchase as well - we are there to help.

Construction type: Brick

Heating: Electricity heating

Exposure: East, South

Number of bathrooms: 2

Balconies: 3

Joinery: Wood windows

Agent's valuation of the offer Excellent!

Mortgages in Bulgaria

You can rely on a Mortgage Loan from a Bulgarian bank that will finance your purchase, even if your income originates from another country. Mirela Real Estate agency has a partnership with leading Bulgarian banks based on a licensed contract, by the force of which we represent them, which is sign of respect and trust. Our credit specialists offer consulting services to our foreign clients and this service is free and doesn't influence the credit in any way.

Here are the main characteristics of a standard mortgage loan in Bulgaria are, as stated by two of the leading banks in the country - United Bulgarian Band and First Investment Bank.

UBB -United Bulgarian Bank

The client segments are the citizens of the European Union, USA and Canada. The minimum amount of the credit is Eur 7500, the maximum is Eur 250 000 for a period of up to 20 years (the currency is EUR). A person must be at least 23 years old to be considered eligible and the age plus the loan period shouldn't exceed 65 years. For the first year the interest rate is 1.5% or 5.9% for the first 3 years. There is a standard interest rate for the rest of the loan period which is 6.5%. The bank has an application fee of BGN 20 and an administration fee of 0.5%, payable at loan disbursement. The prepayment fee is 5%. The bank also offers property insurance.

First Investment bank
Every able local or foreign citizen is considered an eligible borrower. However, if the acquired property is a plot, a local citizen should acquire a property. There are no limits concerning the maximum loan amount. The maximum term is 240 months with a loan purpose - acquisition of a real estate. Up to 80% of the market value of the mortgaged property can be financed.
There is an option of a period when the borrower pays only interest which may be up to 12, 24 or 36 months. After it equal monthly installments during the loan term are paid. In case of overdue payments the bank charges a penalty interest rate which is the the interest rate agreed plus 20 points. The utilization is according to utilization plan. The application fee is Eur 50 and the management fee is 2%. There is also an early repayment charge from 2% to 5% as well as a commitment fee - 0.5% and a renegotiation fee - 1.5%. You can read more on the fees and charges on their website. The applicant's income should be 1.50 times the monthly installments. The minimum income that should remain per member of the household is 500 Eur for adults and 250 Eur for children.

The bank offers a life insurance option, which is paid by the borrower and property insurance.

Required Documents

Credit history documents (Experian Scorex, Equifax) - for citizens of the United Kingdom

Required documents for the income of the applicant / joint applicant:

For applicants / joint applicants working under labour contracts:

1. Form P-60 (required).

2. Letter from the Employer establishing the net income of the applicant / joint applicant (advisable).

3. Account statement for the last three months evidencing the declared incomes.

4. Other documents required by the Bank.

For applicants / joints applicants who work as freelancers or owners of companies:

1. Letter from an accountant establishing the net income for the last year or an Income Statement.

2. Account statement for bank account evidencing the declared incomes.

3. Other documents required by the Bank.

For applicants / joints applicants who receive rental income:

1. Account statement for the last three months evidencing the declared incomes.

2. Rental contract, if the income is not included in the annual Tax returns.

Applicants who are not citizens of the United Kingdom are expected to provide documents corresponding to those listed for UK citizens.

The term for approving the application is usually up to 2 days.