LOOKING FOR A MORTGAGE? For months banks have been launching new mortgage offers that each time are more and more expensive, with stricter conditions and higher rates of repayment. Up until now, not a single one has interest rates less than 2%. Now CCS, independent FAs, can offer you the following. One of Spains least affected financial institutions by the collapse of the property bubble, is the first to launch a new mortgage offer onto the market with a variable interest rate of Euribor +1.95%. For the first year, however, the interest rate will be set at 3.90% and a payment-protection insurance must be taken out. Without this insurance, the interest rate would be 4.20%. After the first 12 months the interest rate applied would change to Euribor +1.95% with the condition that a number of extra products are added to the mortgage offer. The main conditions and products required to obtain this currently unique interest rate are outlined below: · Wages paid into the bank account plus proof of last 3 payslips · Life insurance policy · House insurance policy · Property must be the main residence · It must be valued at 150,000 euro or more · A maximum of 80% finance will be offered · Income of mortgage holders must reach 3,000 per month · Maximum mortgage repayment period will be 30 years · No opening commission · No commission for anticipated payment in full · No mortgage interest floor rate · Without insurances the interest rate will go up as much as 1% This offer also includes special conditions for the under 35s. The bank promises to maintain the same Euribor rate as that at the time of signing for the first 3 years. For more advice on applying for a Mortgage in Spain contact us & make an appointment: ☎+34 922 102 225 OR ☎+34 667 608 175.
Posted on: Tue, 18 Mar 2014 15:56:25 +0000
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