We strongly suggest that you arrange your finance in Austria. We can introduce you to suitable friendly banks　who normally arrange things very quickly.

Rates are cheaper, and sending surveyors out from England or any other EU country and then taking mortgages on foreign property is a rather expensive and messy business. Clients who have tried to finance their purchase from the UK or other countries have usually encountered difficulties. Our agents can usually fix up a mortgage on a holiday property in 48 hours.　

If you are buying a business, then you will need to prepare a proper business plan and cash-flow. Banks in Austria are generally supportive of business purchases provided you have done your homework correctly.

They don't like high levels of borrowing as a percentage. 40% deposit minimum over 10 or 15 years is typical. The current rate in July 2011 is about 3.00%p.a.

However, we also work with a large insurance company who will finance the purchase of private houses and apartments. They will not finance businesses. Their rate is about 2.5% p.a. but the interest rate is currently capped at 5%. They do not charge any arrangement fees, neither are there any penalties for early repayment. These are excellent terms. (July 2011)

Banks usually charge 2% of the sum borrowed for arranging the loan and a few months later the land registry issues a bill for your mortgage entry into the Austrian land registry. This is also about 2%.