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• Save hundreds by remortgaging your home...
• The Resale Centre has teamed up with Euro Mortgages to offer mortgages to those who are searching for a mortgage in Spain...
• Mortgages at the moment in Spain and worldwide are becoming harder to find as the "credit crunch" has hit many banks hard in the past few months, forcing lenders to be more selective and some banks / lenders have stopped altogether.
- Are you finding it hard to pay off your mortgage in Spain?
We can help save you hundreds of euros by remortgaging your mortgage on your home in Spain, call us today to find out how we can assist you on 965 714 031.
- Upto 90% mortgages available, remortgaging - interest only mortgages in Spain...
Here are some of the mortgage products now on offer:
1) 90% - 100% (NON-RESIDENTS) AND 120% MORTGAGES (RESIDENTS)
We can offer high level borrowing of 90 - 100% of the selling price for non-residents and 120% of the purchase price for residents. Please bear in mind the mortgage rate may be slightly higher than normal at this level of borrowing.
2) COMPETITIVE RATES
Most lenders charge the Euribor rate with an additional percentage amount added to this, for example "Euribor plus 1.25 or 1.50%". We are pleased to offer mortgages with competitive rates as low as "Euribor plus 0.75% - 1%".
3) UNTIL 35 - 40 YEAR TERMS - We can arrange terms of up to 35 years.
4) SELF - EMPLOYED/SELF - CERTIFICATION MORTGAGES
We can offer self-certification mortgages up to 60% LTV where you must simply declare that your income is of the level you state. You are not required to produce any pay slips or accounts. This is particularly beneficial for the self-employed where proving income can be difficult.
5) MORTGAGES FOR RETIRED PEOPLE UP TO AGE 80
6) EQUITY RELEASE
If you already own a property in Spain outright with no mortgage on it, you may want to withdraw some of the equity and we offer products enabling you to do this. With this type of mortgage you can borrow up to 70% of the lenders valuation price. This is particularly useful if you wish to carry out reformation works or buy a second property.
7) RE-MORTGAGE
With the mortgage market place changing on a regular basis, you may wish to redeem your existing mortgage and take out a new one. In most cases, this is to reduce your monthly payments, increase your level of borrowing, extend the mortgage term or revert to an interest-only mortgage. We can arrange a re-mortgage to suit your needs.
8) INTEREST - ONLY PER 1-5 YEARS; 10 YEARS; 15 YEARS OR 30 YEARS
Popular in the UK, these are mortgages where you only pay the interest on the capital sum you have borrowed each month and we can offer these to you here in Spain. You do not repay any of the capital during the life of the mortgage, but are required to pay it in a single lump sum at the end of the mortgage period.
9) MOVING HOME
If you haven't sold your home yet but have found a new property to buy, you can use the equity in your home to pay for the deposit, taxes and fees required on your new purchase. This is suitable if you have no cash and all your assets are tied up in the property you currently own.
10) WE CAN GET UP TO 40% (higher earnings can obtain more) of your income towards a mortgage.
- Here are some examples of the market beating mortgage offers that we can provide...
Mortgage product 1 (Up 90 % Mortgage repayment with 1-2 years interest only)
80% LTV ( This product potentially offers the purchaser the opportunity of a 90 - 95% of the purchase price) .
With interest only period 1 or 2 years and up to 30 years term.
Mortgage product 2 (interest only mortgage with 1-5; 10 or 15 years)
70% - 80% LTV with until 5, 10 or 15 years interest only (depending of the banks) with interest rates from 4,50% and a repayment term of up to 30 years.
Mortgage product 3 (until 100% mortgage repayment)
80% LTV (This product potentially offers the purchaser the opportunity of a 95 - 100% of the purchase price).
Mortgage product 4 (interest only)
Maximum interest only: 60% loan to value with interest only for the term of the mortgage up to 30 years.
Mortgage product 5 (Remortgage)
60% - 70% out of the valuation with until 30 years term.
Mortgage product 6 (cash out/ equity mortgage)
Cash out 50% out the valuation. Maximium 250000.- euros and 30 years term.
Mortgage product 7 (SWITCH YOUR MORTGAGE FREE)
Your SPANISH mortgage could COST a lot less. Switch your mortgage with us and change to Interest Only at the same time for FREE*: It's really easy to switch. It doesn't have to cost a euro. We’ll pay:
Cancellation fee to be paid to the other bank: up to a maximum limit of 0.50%
- Valuation fee
- Gestoría fee
- Notary fee
- Property Register fee
- Excludes other changes to mortgage conditions
To enquire further about any of the mortgage products above, please use the form provided below and someone will be in contact when one of our representatives is available, thank you.