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Costa de la Luz Mortgage
Submitted by Bela Hives on 28/Nov/2004
Message:
Finding Costa de la Luz Spanish Mortgages
The APR can start as low as 3.00%. Some lenders will not let you rent out your new Spanish Costa De La Luz Property which is often essential to produce much needed additional income to help fund your new Spanish Holiday Home or future Spanish Retirement Home. We have no problem at all arranging Spanish buy to let properties for temporary or permanent Spanish investment arrangements up to 80% of the value of the property for residents and non residents of Spain.
http://www.tms007.co.uk/enquiry.php?from=eumortsspaindelsolreeu
Fees
This can vary from £250 to as much as 2% of the purchase price or valuation of the property in Costa De La Luz, Spain.
Mortgage Valuation
If it is a straight forward residential property purchase then most banks will make an offer which is often only 50% of the actual declared Spanish property purchase price. This makes life very difficult for people buying mortgages in Spain as often the difference between the actual purchase price and the declared purchase price is huge. We have seen this problem on many occasions and our lenders offer us superb flexible arrangements to get around this problem in most cases.
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