Mortgage Finance, Buying and Running Costs
Mortgages from local Spanish banks, secured on the Spanish property, are readily available on good terms. The developer has normally arranged construction finance through a local bank and, as this is done on an individual, property by property, basis, the mortgage can be continued by the Home Buyer on revised terms or cleared by the Promoter, as suits the Buyer.
Home Buyer Services can therefore introduce the Home Buyer to English speaking local bank managers, who can generally arrange 25 year mortgages at 75/80% of valuation, subject to status. Bank valuations are normally at or near purchase price. Interest rates are as low as 3%, with no cancellation fees and minimal set up and administration fees. Offers are usually available within 48 hours, subject to the valuation, which usually takes 4 to 6 weeks.
Click below for a general illustrative guide to:
For more information at any time on Mortgage Finance and Running Costs or other services:-
For Desert Springs, Villaricos and Playa Marques:
- Call in at The Desert Springs Resort Information Centre
- Telephone Janet on + 34 606 103 765
- E-mail Janet: jam@almanzora.com
