Villamartin Apartment For Sale
First of all who knows
what the future may hold. If you get into financial
difficulties for one reason or another and you need to
sell then you will always find more buyers for a
2-bedroom property than a 1-bedroom. Why? For the exact
same reasons I am explaining here. They will always be
more appealing for private buyers and investors.
You have to look at the future possibilities because
many things can change. You may discover that you need
to go back to your original country for a long period.
During this time you will probably still be paying a
mortgage and administration fees to look after the
garden and pool etc on your complex. If you have a
2-bedroom property you will be able to rent it out quite
easily during this time.
Spanish homes needn't costa packet!
Norwich and Peterborough Building Society (N&P) has unveiled three new mortgage options aimed at people looking to buy property abroad. Richard Barker, N&P's product manager, said, "With an estimated 761,000 Britons living in Spain and the trend to move abroad showing no signs of slowing, we are constantly reviewing our product range to ensure we meet our customers' needs." On offer are two fixed rate mortgage options, each with a follow-on rate of Bank Base Rate + 1%. Alternatively, the new tracker offers one of the lowest currently available rates for those looking to buy in Spain with a Sterling loan. Two year fixed rate mortgage 5.59% fixed for two years, followed by Bank Base Rate + 1% for term Maximum 75% loan to value 499 reservation fee Valuation fee from 250 125 application fee 5% redemption fee within first two years Five year fixed rate mortgage 5.59% fixed for five years, followed by Bank Base Rate + 1% for term Maximum 75% loan to value 499 reservation fee Valuation fee from 250 125 application fee 5% redemption fee within first five years Tracker mortgage Bank Base Rate + 0.24% for term Maximum 75% loan to value 599 reservation fee Valuation fee from 250 125 application fee 7% redemption fee within first seven years Norwich and Peterborough Spanish Home Loans has been offering UK residents, ex-pats and Gibraltar residents finance to buy or re-mortgage their main home, holiday property or retirement residence since December 1998.
|
