| Your Spanish Mortgage Could
Cost a Lot Less
Interest only - Interest
only for up to 40 years
Term - Max
40 year term Mortgage term up to age 80
Loan to value - Up
to 65% LTV
Rate - 3 monthly
EURIBOR 4.38% + 1,4%
Redemption penalty - Over
payments permitted and no early repayment fees
Affordability - High
Lending multiples of up to X 5.25 single or 4.5% X joint
whichever is higher
AND - with 3.5% cash-back
to help with completion costs.
Spanish
Mortgage Costs and Interest rates.
Today everyone is familiar with
the impact of interest rates. The lower the interest rate, the
less you pay for your mortgage over time, the higher the interest
rate, the more you will pay over time.
Besides the actual type of mortgage you select, there are other
important characteristics of your mortgage that determine exactly
how much you will pay - both monthly and over the life of your
mortgage.
 |
The
fees and charges when obtaining the funding for a mortgage
application will comprise the following:
- Property Valuation.
Euros 270-400 depending on the purchase price and this
cost will be invoiced by us.
- The lenders arrangement
fee.
- Stamp Duty.
- Land Registry fee.
- Notary fee.
The cost will approximately
be 2-2,5% of the purchase price depending on bank and
your requirements. |
|
