| Type of loans available: |
| Off plan property/completed property and second hand property which is less than 10 years old. |
| Loan to Value: |
| Based on the execution value of the property, which is usually lower than the purchase price. Between 70-80% of actual purchase price. Stage payments available for agreed developments only. |
| Interest rates: |
| From 6.75% repayment mortgages only. |
| Maximum term of mortgage: |
| Up to 20 years. |
| Min/max loan: |
| Min 25,000 Euros/no maximum. |
| Maximum age at completion: |
| 70 years old. |
| Currencies available*: |
| Euro, Sterling, Yen, CHF, Dollars. |
| Repayment penalties: |
| Up to 2% dependent on lender and product. |
| Documents required: |
| • Last six month bank statements • P60 or equivalent • Letter from accountant confirming tax paid (if self employed) • Three years audited accounts (if self employed) • Certified true copies of passports • Two forms of address identification • Credit reference and bank reference |
| Other: |
| General fees to consider: 1.5% arrangement fee, life and earthquake insurance compulsory (DASK), banks will only lend to approved developers and developments for off plan purchases. |
*Changes in the Exchange Rate may increase the sterling equivalent of your debt.
FOR MORE INFORMATION PLEASE CONTACT US ON 0870 042 8807
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