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Currency
Exchange
Based
in Hertfordshire, The Foremost Currency Group (FCG) will negotiate
the Foreign Exchange markets on behalf of private clients, looking
to secure competitive currency rates for overseas
purchases.
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here to visit their website.
>>Currency Converter and Live Prices
Leaseback
Mortgages
For
all resorts – 90% mortgage for a leaseback on which VAT is
payable, capped and fixed rates available up to 25 years.
Current
variable rate 5,36% year one then 12 euribor + 1%, capped for 20
years at 6,36% For 25 years rates are 5,41% capped at 6,41%
Fixed
rates 15 yrs 5.22%, 20 years 5.33%, 25 years 5.39%
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 97,5% of the price where the developer advances
the vat 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 25 years. 4.35% for three months,
then 3m euribor +1.4% over remaining period, giving 6.1% 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
Interest
only for all resorts 80% of vat inclusive price – where vat is
paid by the developer this means up to 95%.
80%
of price including VAT.
Ten
years interest only 5,1% for six months then variable at a margin
of 1,6% above six months euribor capped at 6,6% or 6 months at 5%
then margin of 1,5% capped at 7%
Fifteen
years interest only 5,2% for six months then variable 1,7% over
six months euribor capped at 6,7%
Early
repayment penalty 3% but vat refunded may be paid off without
penalty in first three years. No penalty after 9 years.
70%
of VAT inclusive price, selected resorts (homeowners only), low
margins.
70%
of price including VAT, 4,2% - 4,3% fixed for three years then
1,35 – 1,4% above three months euribor.
Set
up fee 1% up to €950
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. Excellent fixed rates.
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 4.95%
20 years 5.00%
25 years 5.15%
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 €100,000. No early
repayment penalty.
80%
of the VAT inclusive price, including furniture.
No
early repayment penalty.
Variable
rate on the 3 month Euribor + 1.6%.
Duration
7-20 years. |
