Depending upon your individual needs and circumstances it may be neccessary to organise a Euro mortgage in order to finance you purchase.
At Atlas International we deal with one of the largest banks in Spain who can offer you a competitive rate on a Euro mortgage. You can obtain up to 70% of the purchase price of your property with a variable rate currently at 3.95%. The repayment periods are either 5, 10, 15 or 20 years, with a maximum age limit of 75. This means that the mortgage must be paid off in full by your 75th birthday.
You can apply for a mortgage after reserving your dream home in Spain. All income details will be sent to our mortgage department in Spain who will apply for the mortgage on your behalf, taking away all the worries of filling out the Spanish application forms. This Euro mortgage normally covers the final two payments for your property, so you will need to pay the initial 10% deposit and second payment with other funds. The mortgage will take effect on completion of the property.
You will need to supply our mortgage department with the following documentation once you have reserved your property:
• Copy of passport
• 6 months' payslips
• P-60 form
However if you are self employed we will require the following:
• Copy of passport
• Last tax statement
• Accounts for the previous year
For further information please contact -
Tel: 01306 879 899
financialassistance@atlasinternational.com