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Posts by hypa  

Joined: 2 Apr 2015 / Male ♂
Last Post: 19 Oct 2018
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From: London
Speaks Polish?: yes

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hypa   
2 Apr 2015
Real Estate / Is it possible to take out a mortgage/loan and buy a property in Poland whilst living abroad? [10]

on doing some more internet research on other websites i see that due to the following KNF recommendation

"Recommendation S
Bank should give public retail clients loans only in the currency they receive money at their work; that includes clients who have high salaries."
knf.gov.pl/Images/Rekomendacja_S_18_06_2013._tcm75-34880.pdf

mortgages should only be taken in the currency that earnings are paid in.

so as commented on another website:

According to KNF suggestions, people who work abroad may get a credit in Poland only in the currency they currently received at their job.

Home mortgages in EURO are offered by the following banks: Deutche Bank, Getin Bank, mBank, Alior Bank, BZ WBK, BOŚ, Pekao.

Mortgages in USD are offered by: mBank, BOŚ, and Pekao.

In British Pounds (GBP): mBank.

Thus, working in the UK it seems mBank may be our only option. We also have been forwarded details of 'Open Finance' from the vendor / developer.

I don't think mBank has any branches in Oswiecim and is quite internet based, and charges around 4% prowisja (arrangement fee?) which is nearly double compared to other banks so if anybody has any positive / negative experiences with either mBank or Open Finance or can offer any other solid reputable options for obtaining a mortgage in Poland while earning GBP in the UK, please let me know.

Thank you