Further to my article on the flexibility of Spanish loans where you are buying bank stock. In an effort to sell the stock held directly by the bank one lender in Spain is now offering to non-resident buyers the following mortgage facilities.
- 80% of valuation or purchase price whichever is lower
- 0% opening fee
- 0% redemption penalty for first 3 years
- Rates from 1.72%
No monthly payments for first 3 years
No interest rolled up
Terms up to 50 years to age 80
In order to qualify for the loan a property must be bought from the banks direct stock.
More information on property can be found at Your Spanish Mortgage.
Further information available from heather@imsmortgages.com
Details of an example property is shown below
Price
€ 274,100
Loan
0 € for 3 years.
Type: Studio or Apartment
- Location: Mijas (Malaga)
- Address: Urbanización Playa Lucera, A-32
- Postal Code: 29650
- Area: 158
- Bedrooms: 2
- Bathrooms: 2
General Characteristics
- 158 m² penthouse in Mijas 20 km from Marbella and 14 kilometers from Fuengirola.
- It is distributed in living room, kitchen, 2 bedrooms and 2 bathrooms.
- The common area has a pool and landscaped garden.
- It is located 20 meters from the sea, beachfront, located in a quiet urbanization.
- TL4 Property Reference:
- This housing is included in the Housing Bancaja Commitment 2010. Buy your home now and pay nothing to Bancaja for your mortgage for 3 years!.
