I don't quite get why you haven't gone to any Polish bank and asked the right questions. They will either tell you 'yes' (and give you propositions) or no or absolutely no. We are not banks here, we cannot tell you what a certain bank will do or not do.
To me, the first place is to go, show the bank your earnings/savings and show them your plans. No bank will lend you money unless they have a guarantee that you have means to pay it back and that you can provide security. Buying a piece of land on which you may not be able to build is no security.
Ok thanks. To clarify, we still live in The UK and we are moving to Lublin in September. We have our own online business that we will continue to operate in Poland. For the first year we will be renting and then we will buy land and build on it.
You could have told us all that before. The first thing you HAVE to prove to a bank is sources of income/income. They will then perhaps tell you how much you can borrow on that.
Then you find a piece of land (but make sure that it is with a WZ) and that the owner actually owns the land and that is it not arable land.
Then present to the bank your conception of a house. By that time it would have cost you money and nerves. Then you find a reputable construction firm and more money and more nerves. When three years down the line your house is not built and your money has run out....then worry.
I guarantee you that by the time you finish you will be lucky if you are still speaking to your wife, your business hasn't gone under and you are not in financial ruin. But hey, you know what you're doing.
In your place (and this is easy for me to say), I would find a built house (from a developer or private entity), go to the bank and see if they will play ball.
Whatever you decide, make sure that you have your feet firmly on the ground and that you are not searching or hankering after a pipe dream.
Let us know how it goes - even if only to prove me wrong.
We will be purchasing the house project/plans and giving them to the developer. We have already had our meetings regarding this. Quite exciting. My wife's cousin is currently building a house on land in Lublin, so we will have all the help and info we need from them. They have purchased 1000m2 and building a 140m2 house on it. They are not using a large developer but instead using independent local contractors which is apparently saving them plenty of cash.
We will be building on 2500m2 of land and a 220+ m2 house.
Proving the finances of our business is no problem at all either. :-)
it will be very challenging for two reasons - you will need to take a zloty mortgage but your earnings are in sterling and you are self employed. Secondly the land would have to be included in the zoning plan and have all media connected in order for the bank to accept it as collateral.
its not impossible but be prepared for a large deposit - say 40 percent - and to put in some shoe leather visiting different banks. you could start with someone like BGZ or WBK as they are a bit more switched on. Good luck - you will get many rejections so each time try and understand what the dealbreaker is for the bank.
