Which
is the best way to take a mortgage for overseas purchases?
We have a range
of facilities open to our clients, from UK lenders to those
in the country of purchase. Every client is treated individually,
as you can probably appreciate, what might be ideal for
you is not suitable for someone else.
Many of the overseas
packages are similar to those in the UK.
Repayment, Endowment
and interest only being the most common, although self certified
for the self-employed is also starting to filter through
in Spain and elsewhere.
Interest rates
vary, from start-up packages in Spain at 3.75% to mortgages
from UK banks at 4.8%. Terms also differ, age limits up
to 75, interest only terms to 20 years and fixed rates for
2 years, with lending amounts between 60% and 90% of the
valuations. Each case is individual. This is a rapidly growing
sector and one that needs careful planning and good advice.
Whilst some interest
rates may seem to be extremely favourable, set-up charges
and legal fees vary also.
Once again, through
our sister companies, your enquiry will receive the most
prompt attention. Either submit your
enquiry or click onto www.nicklins.co.uk
for more information.
All enquiries
and subsequent discussions are treated in the strictest
confidence.
A full questions
and answers page on mortgages will appear here soon and
will be updated on a regular basis, as terms and conditions
change.
