Are
you an individual developer?
What is an individual developer?
An Individual Developer is the
mortgage loan for financing the construction of buildings, apartments
and houses.
The maximum amount of the loan is between 50 - 60% of the rateable
value, depending on the type of construction.
Mortgage loans are available for terms of up to 25 years (for
adjustable rate or mixed mortgage loans).
There is a grace period during which the client only pays the
interest accruing on the loan, without repayment of capital.
This period may be 1-2 years.
What are the main advantages?
The most important advantage
of our Individual Developer Mortgage loan is that the client
receives several amounts in different phases, up to the total
amount of the loan granted.
It is, therefore, only paying interest on the amount actually
borrowed.
Another advantage is that you begin to amortize capital when
the construction is finished, thus meeting smaller payments
(interest only) during the development time.
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Who
is it for?
lndividual Development
Loans are especially designed for those owning or who
are going to purchase a plot with a view to building a
house on it.
In the case of natural
persons, as individual entrepreneurs, making housing promotions
for subsequent sale, there are specific operations for
which you may consult us for further information. |
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