NON RESIDENT MORTGAGES in EURO €
E = Euribor - Bank base rate in Europe. July 2008 it stands at 5,36%
NON STATUS MORTGAGES IN SPAIN (no need to show income)
Because of the subprime collapse in the market worldwide we currently only have one non status product available. We hope to be able to offer more products once the market has settled. Please PRESS HERE if you would information regarding our non status products.
STATUS MORTGAGES IN SPAIN (show income)
We are able to advance up to 90% of the value of the property (LTV). See below for the rates we offer. Most banks today ask the client to submit a credit report. However not all banks do. We also have which which do not take your existing committments into account. If this is relevent to you please contact us.
Would you like us to send you a quote? PRESS HERE
How much can you in fact borrow based on income? Normally 1/3 (33%) of your net/ disposable income can go towards mortgage repayments in Spain, however one bank in fact allows 45%.
Below is only a selection of the products we offer. Please send as details of what you need. you can either email us or use our enquiry form PRESS HERE
| Code |
Interest Rate |
LTV |
TERM |
|
Set up fee |
MAX AGE |
Redemption Fee |
| OFBI3 |
E + 1,1% |
80% |
25 |
2 years |
1,25% |
75 |
0.5% |
| OFBI15 |
E + 2,5% |
45% |
25 |
15 years |
1,5% |
75 |
0,5% |
| OFBI05 |
E + 1,75% |
60% |
25 |
5 years |
1,5% |
75 |
0.5% |
| OFDB1 |
E + 0,65%-0.8% |
70% |
30 |
NO |
1,35% |
73 |
0,5% |
| OFSSA1** |
E + 0,35% |
80% |
25 |
NO |
1,5% |
75 |
0,5% |
| OFSSA2*** |
E + 0,9% |
90% |
40 |
max 5 |
1,5% |
75 |
0,5% |
| OFUCI01 |
E + 1% |
70% |
40 |
5 years |
1% |
75 |
0,5% |
| OFUCI02 |
E +1,25% |
80% |
25 |
1 year |
1% |
75 |
0,5% |
| OFUCI03 |
E +0,8% |
50% |
40 |
15 years |
1% |
75 |
0,5% |
| OFSOT01 |
E + 0,8%** |
70% |
30 |
1 year |
1,35% |
75 |
0,5% |
| OFTS01 |
|
80% |
25 |
25 years |
1% |
70 |
0% |
| OFF1 |
|
50% |
bridging |
indefinite |
2% |
NONE |
NONE |
** mimum valuation of property 600,000€
*** maximum amount 400,000€
FIXED RATE FOR A PERIOD
Above chart shows our variable rate mortgages. We also offer fixed rate mortgage. Most above mortgages can be fixed. Please contact us for details.
CHANGE OF HOUSE MORTGAGE
Below is a product perfect for you if you are buying a second property and you are waiting to sell your existing property. If you sell the property within three years there is no redemption fee. Of course you don't have to sell. Be clever, use this product and minimize your payments for a few years.
| 1st existing property + 2nd property |
| Payment schedule below |
| First 3 months |
0€ |
| Month 4-24 1st & 2nd year |
Discounted payments only based on approximately 50% of amount |
| 3rd year |
interest only on full amount |
| 4th year |
interest only on full amount |
| 5th year |
interest only on full amount |
| Afterwards normal payments |
NON RESIDENT MORTGAGES IN OTHER CURRENCIES
We offer multi currency mortgages. Rates are revised every month. You will be affected immediately if there is a rise or a fall in the base rate as well as the currency itself. |
