BluOr Bank mortgage offer for purchasing property abroad

Buying real estate in Italy, Portugal, Spain, or another country can often seem complicated—not because of the purchase itself, but because of the financing. Foreign banks may require local residency, an established income history in the respective country, a substantial down payment, or additional documentation.

However, there is another option: taking out a mortgage loan in Latvia secured by real estate you already own and using the funds to purchase property abroad.

BluOr Bank offers exactly this type of financing solution.

How does it work?

The client pledges a property they own in Latvia, such as an apartment or a private house, as collateral. BluOr Bank assesses the property’s market value, the client’s income, and their existing financial obligations.

Following a positive lending decision, financing of up to 80% of the market value of the pledged property may be available. The funds can then be used to purchase real estate in another country.

The property purchased abroad is not pledged to BluOr Bank. The loan is secured by the property located in Latvia.

Who is this solution suitable for?

A mortgage loan in Latvia for purchasing property abroad may be suitable for people who:

• live or plan to live outside Latvia;

• work remotely;

• want to purchase a holiday home;

• are looking for an investment property abroad;

• prefer not to arrange a mortgage with a foreign bank;

• want to make use of the equity in a property they already own.

This can be a particularly convenient solution for clients who already own property in Latvia that is mortgage-free or has only a small outstanding loan balance.

How much financing can you receive?

BluOr Bank offers financing of up to 80% of the market value of the property pledged as collateral in Latvia.

For example, if an apartment has a market value of EUR 150,000, the available financing may be up to EUR 120,000.

The exact amount depends on:

• the market value of the property;

• the client’s income;

• existing financial obligations;

• the selected repayment term;

• the Bank’s individual assessment.

The interest rate is also determined individually for each client.

What documents may be required?

To assess the financing application, the Bank will generally require information about:

• the property in Latvia to be pledged as collateral;

• the property’s market valuation.

Depending on the individual circumstances, the Bank may also request additional documents.

What are the main benefits?

The key advantages of this financing solution include:

• the loan is arranged in Latvia;

• the property purchased abroad does not need to be pledged as collateral;

• financing of up to 80% of the market value of a property located in Latvia may be available;

• there is no need to go through a potentially complex lending process with a foreign bank;

• clients can receive an individually determined interest rate offer;

• applications can be submitted online.

What should you consider before making a purchase?

Although the financing is arranged in Latvia, the real estate transaction itself takes place in another country.

Before making a purchase, it is therefore advisable to check:

• the applicable taxes and fees in the relevant country;

• the rights of foreign nationals to purchase property;

• the legal status of the property;

• residence requirements and regulations;

• any restrictions on renting out the property;

• annual maintenance costs;

• currency risk if the transaction is not carried out in euros.

It is advisable to consult a lawyer or real estate professional in the country where the property is being purchased.

Why consider BluOr Bank?

BluOr Bank is one of the banks in Latvia worth considering if you need a mortgage loan to finance the purchase of property abroad.

BluOr Bank offers:

• a mortgage loan secured by property in Latvia;

• financing of up to 80% of the property’s market value;

• the option to use the funds to purchase real estate in another country;

• an individually determined interest rate offer;

• flexible repayment terms;

• a remote application process.

How can you finance a property purchase abroad using property you own in Latvia?

Purchasing real estate abroad does not necessarily mean that you need to take out a mortgage with a foreign bank.

If you own real estate in Latvia, you can use it as collateral and obtain financing in Latvia.

BluOr Bank offers mortgage loans of up to 80% of the market value of the pledged property, providing access to funds that can be used to purchase a home, holiday property, or investment property abroad.

28.08.2026