A Free Buyers Appraisal - Information designed for you
There are many ways to arrange for the payment of your Spanish property
and countless banks and mortgage brokers offering you hundreds
of different complicated mortgages.
|
 |
Why do we offer our Free Buyers Appraisals?
At Spain the easy way we have over a number of years
developed our Buyers Appraisal to help our own clients
purchase in the best most cost effective way for them.
We are now offering our service to non clients free of
charge simply as a showcase for our very high standards
of service.
Everyone who gets a Buyers Appraisal is usually so happy with
the result that they tell their friends and family
about us generating a great deal of publicity for
us. Word of mouth is always the best publicity and
is the backbone of our company.
Apply for your Free Buyers Appraisal now to see what everybody’s
talking about.
|
Free Buyers Appraisal
A
Free Buyers Appraisal will give you the information
you need to know to buy your property in the best possible
way.
You
will find out the most cost effective way to structure
your purchase based upon your current situation. We
will advise you fully in each area you can save and
offer you a strategy to go forward.
Correct level of Deposit
Lowest rate
Equity Release vehicle
Best term and rate
Spanish mortgage
Foreign Currency
maximisation strategy |
|
As everybody’s circumstances are different the only way
to really know your options is to talk to an independent company
who have experience with both Spanish property and how to best
finance it. Making choices which are right for you and matching
the right financial solution with your particular circumstances
can and should save you thousands.
We can offer you a Free
Buyers Appraisal showing you not only how much it will
cost to finance your new Spanish home but also, more importantly,
how to use the right combination of solutions to make your purchase
as easy and cost effective as possible. Our Appraisals are without
any obligations whatsoever and are available whether or not you
are considering purchasing a property with us at Spain the easy
way. |
Spanish
Property Payment Procedure
To secure any Spanish Property usually takes a 3000€ holding
deposit. Balance payments are generally as follows.
Resale Properties require the balance in full upon completion which
can take anything from as little as 6 weeks up to about twelve
weeks.
New Properties purchased direct from the builder usually require
payment upon completion which is usually between 30 & 90
days depending upon the arrangements made with the builder.
Key in Hand Properties are new properties fully completed and sold
by the builder. They usually require payment in full within
60 days. Upon payment of a deposit (usually between 10% &
30%) the payment periods can sometimes be extended.
Off Plan Property is usually financed with staged payments. Typically
you may pay a deposit followed by two or three further payments
as the property is built. Off Plan property can have a build
time of anything from a few months to a year or more allowing
you to plan your finances well ahead of time. |
|
|
 |
|
Glossary of Terms
Spanish Mortgage
Spanish Mortgages are currently
cheaper than UK mortgages because the European interest
base rate is lower than for the UK. Many buyers take
advantage of this to part fund their Spanish property.
The maximum allowed for a Spanish mortgage is usually
up to 70% or 80% of the property value. Spanish mortgages
are usually used as part payment for a property along
with savings or an equity release scheme.
Agreement in Principle
A lender agrees to funds upon
the verification of a borrower s details.
Base Rate
The rate of interest set by the
Bank of England or the European Central Bank.
Bridging Finance
If you are moving to Spain full time Bridging Finance
may be used to fund the payment of a Spanish Property
whilst you are waiting to complete on the sale of a
UK property. Bridging finance is often favoured by British
people who are moving to Spain.
Capped Rate
A capped rate mortgage sets a maximum rate of interest
that the lender can charge, but only for a specified
period.
Concrete Construction
A property that has been built with conventional materials.
Some lenders may refuse to lend or charge higher rates
of interest, on Spanish property built using unconventional
materials or techniques.
Deferred Interest Mortgage
A mortgage in which some or all of the interest is not
paid for a particular period, usually at the start of
the term.
Early Repayment Charge
(ERC)
A charge levied by the lender as a penalty if a mortgage
is paid off within a specified time period.
Equity Release
Funds released from the equity in your first property
to go towards the payment of your second property -
A very popular option for UK homeowners.
Expatriate
A person working in a country that is neither their
country of birth nor nationality.
Fixed Rate Mortgage
A mortgage under which the rate of interest has been
fixed for a specified period of time.
Foreign Currency Mortgage
A mortgage that is taken out in a currency other than
UK Pounds Sterling. European base rates are currently
lower than in the UK making them attractive to buyers
of Spanish property.
Initial Fees
An estimate of the total fees payable for arranging
a mortgage.
Interest Only Mortgage
The repayments on an interest only mortgage are lower
than on a capital and interest mortgage because, as
the name suggests, you pay the interest only for the
duration of the term and the full loan amount at the
end of the mortgage. These types of mortgages are particularly
useful for people who wish to own a Spanish property
but wish to keep their monthly mortgage repayments to
the minimum.
Intermediary
A company which matches borrowers with lenders. An intermediary
will usually receive a fee directly from the lender
for these services.
Lender's Fee
A charge levied by a lender to cover the costs of arranging
a mortgage.
Loan to Value Ratio (LTV)
The proportion of the property that the lender is prepared
to loan usually expressed as a percentage.
Mortgage Valuation
A survey to assess the value of a property. This is
the simplest type of property survey and is generally
the minimum required by a lender.
Non Status Mortgage
A mortgage that is offered without the need for the
borrower to provide proof of their income.
Refinancing
The paying off of one mortgage with the proceeds from
a new mortgage, using the original property as security.
Remortgaging
This is where a new mortgage replaces an old one and
both use the same property as security.
Valuation Fee
A fee charged to cover the cost of a valuation, typically
paid by the borrower. |
|
You dont have to buy a property from us to benefit from
lower interest rates |
Recieve a pack based on your own particular requirements |
A fantastic investment opportunity in one
of the worlds hottest property spots |
|
