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Latest
News - 100% Mortgages Now Available.
Please
note that these details are for guidance only and subject to
variation.
Please enquire
for most current rates.
90% mortgage for a leaseback on
which VAT is payable, capped and fixed rates available up to 25
years.
- Current variable rates 4.66%
year one then 12 euribor + 1%, capped for 20 years at 5.66%.
For 25 years rates are 4.74% capped at 5.74%
- Fixed rates 15 yrs 4.66%, 20
years 4.77%, 25 years 4.84%
- Interest only for up to 2
years during construction
- No early repayment at all on
variable capped rate
- No early repayment after 10
years on fixed rate loans
- No bank set-up fee.
For selected resorts 95% of VAT
inclusive price or 80% of VAT inclusive price up to 25 years.
- For selected resorts 95% of
VAT inclusive price or 80% of VAT inclusive price up to 25
years
- Fixed monthly payment
available over 20-25 years. 4.15% for three months, then 3m
euribor +1.6% over remaining period, giving 4.95% interest at
current rates BUT monthly payment is fixed after three months,
and loan duration will be lengthened or shortened to
compensate.
- No early repayment penalty
- Set up fee 1% up to €1500
100% Mortgage with lowest
possible deposit for a leaseback on which VAT is payable, applies
to all resorts.
100% of price including VAT, and
100% of the furniture. (The Notaire's Bank's and Broker's Fees are
also financable at higher rate).
EITHER 3.9% year one, "life
assurance-only" payments until construction complete, then 6
months' Euribor + 1.8% over 20 years so 5.3% at current rates.
OR 4.8% fixed for five years.
Followed by 1.8% + 6 months'
Euribor
- After the 5 year fixed period
is over, monthly loan payment fixed throughout next 20 years,
with the loan’s duration varying to compensate
- No early repayment penalty
after seven years
- The bank will require you to
transfer savings to them equal to 5% of price +and the VAT
refund
- This will yield 4% p.a. Tax
Free
For all resorts 80% of VAT
inclusive price plus notaires fees over 25 years, capped rates
available.
- 80% of price including VAT and
notaires’ fees, and furniture.
- Same interest rate choices as
Option 3, but you can do what you like with the refunded VAT.
80% of VAT exclusive price,
applies to all resorts, and to self employed or company owners.
Good fixed rates, low margins.
- 80% of VAT exclusive price
plus furniture.
- Capped rate 3.7% for one year,
then a variable rate capped at 4.7% throughout 20 years.
- Fixed rate for 15 years 4.45%,
20 years 4.55%
- Bank set up fee €763
- Early repayment penalties: 1.5%
for capped; 6 months interest for fixed.
80% of VAT inclusive price,
selected resorts (homeowners only), low margins.
- 80% of price including VAT.
Interest is charged at 3.45% interest-only until construction
complete, then at 1.2% above 3 months Euribor. Monthly payment
amount will remain fixed throughout the loan, and the loan’s
duration will vary to compensate.
- Set up fee €800 -€1000
- Early repayment penalty is
2.2% of amount pre-paid. No penalty after 5 years.
- 100% of VAT to be repaid to
bank upon receipt from government. At this point your income
is more or less equal to your monthly loan payment.
- For homeowners buying in
resorts approved in advance by the lender only.
80% of VAT inclusive price,
applies to selected resorts only. Up to 35 year duration.
- Up to 80% of VAT inclusive
price (if VAT paid), excluding furniture, for salaried people
- Up to 65% of price if self
employed or company owner, or if one of the couple is self
employed or company owner.
- Variable rate:
3m euribor + 1.25% subject to
status
Duration:15 - 35 years.
Clients must not be older than 47 years to have a 35 year
loan.
- Fixed rate:
15 years 4.3%
20 years 4.35%
25 years 4.55%
30 years 4.75% maximum duration for a fixed rate. 35 years is
variable with a fixed monthly payment, and variation in the
loan’s duration to compensate
- Bank charges 1.5% on undrawn
balances
- Early repayment penalty: If
property is sold - nil. If refinanced, the lesser of 3% or 6
months interest.
A pure interest only mortgage on
loans above €200,000, selected resorts only.
- 80% of the VAT inclusive
price, including furniture.
- Repayment penalty 6 months’
interest.
- Variable rate on the 3 month
Euribor + 1.6-1.9% depending on the amount borrowed.
- Duration 7-20 years.
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