International Spanish Mortgages Solutions Spain

Personal, Professional & Independent Mortgage Advice.

Loan to Values

You can achieve up to 80% of valuation or purchase price whichever is the lower.

Australia and New Zealand Mortgage Product Ranges

You can obtain mortgages for purchases but some States may not be covered.

Interest only and capital and interest are available.

Interest is linked to the Interbank offered rate at the time of purchase and the currency the loan is taken in.

Term

Terms are up to 30 years and most banks will expect to see the mortgage redeemed in full by the time you have reached age 70.

Costs

Total finance and purchase costs will equate to approximately 5% of the purchase price.

Your costs will be made up of

Personal legal costs 1%

Registration costs 2%

Stamp duty 0.50% purchase price

Mortgage arrangement and application fees 1%

Valuation fees 0.50%

Currency

Loans can be granted in a number of currencies including Sterling.

Underwriting Criteria

The banks in general work on net income and an affordability ratio. The bank will look to see that combined debt payments including the new loan to be taken out do not exceed 50% of your after tax incomes. All products are full status there are no self cert products available currently.

Benefits of raising funds in Australia & New Zealand.

Loan not linked to UK assets

Selection of currencies available

Standard Non Resident Document requirements for Australian and New Zealand Mortgages

Employed

Last 3 months payslips

P60

Employer's reference

Last 6 months bank statements

Self Employed

Accountant's certificate

Last years self assessment tax return and tax calculations

Last 6 months bank statements

Certified passports

Certified proof of current address

If you would like to speak to a lawyer who can assist with your legal requirements in Australia and New Zealand please link to our lawyer page.

UK: +44(0) 1462 481133 | Spain: +34 902 517 007 | Email: advice@imsmortgages.com

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