Mortgages Again!!

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This topic contains 2 replies, has 3 voices, and was last updated by Profile photo of Anonymous Anonymous 10 years, 5 months ago.

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  • #51933
    Profile photo of Anonymous
    Anonymous
    Participant

    I wonder if anybody can help, I’m looking for a non residents mortgage 80% of property value with an intrest only period.
    Phew

    It maybe that this product does not exist but if it does I dead keen to hear about it.

    Many Thanks.

  • #63071
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi DGR

    My understanding is that non-residents can only get a maximum of 70% of valuation as a Spanish mortgage – and yes these can be interest only.

    Of course if you have property in the UK and sufficient equity, then you can get the additional 10% as part of a UK mortgage.

    Regards
    Joe

  • #63085
    Profile photo of Anonymous
    Anonymous
    Participant

    I have just organised an 85 per cent mortgage on a resale villa for a non-resident with a major Spanish building society. The valuation was above the sale price too.

    I will send you the building society name as private message.

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