spanish mortgage advice

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Terrazas de la Torre Golf Resort forum threads
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01 Jun 2010 12:00 AM by scottmac Star rating in east kilbride sco.... 39 forum posts Send private message

hi im just back from terrazas and i have picked an apartment but i need a mortgage and polaris have told me to go to banco de valencia but i havent got a clue were to start any advice would be great i need a 60% mortgage




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01 Jun 2010 11:14 PM by TVR Star rating in wrexham northwales. 41 forum posts Send private message

hello how does the resort look im thinking of buying on there




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01 Jun 2010 11:22 PM by scottmac Star rating in east kilbride sco.... 39 forum posts Send private message

the resort is looking good its the first time i was over and the golf course is looking great the apartments are realy nice the prices are good for the apatment size and when the resort is finished you should be realy happy you bought on the resort




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02 Jun 2010 9:44 AM by sharonw Star rating in Coin, Malaga. 281 forum posts Send private message

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Hi scottmac,

I would recommend you shop around, Bco de Valencia option may not be the best to suit your needs / criteria. They do require you to take their life insurance and although not a normal feature of their mortgage product I have known people being asked to open deposits with them, to get the approval!   There are several products that give 60%, some with Interest Only - if that is a requirement - no life insurance requirement and no deposit requirement!

Best of luck,

 



_______________________

Regards

Sharon

sharon@tmasspain.com

 www.themortgageservicegroup.com

 



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02 Jun 2010 5:22 PM by Laurel27 Star rating in Midlands. 37 forum posts Send private message

HI Scott,  Welcome to Terrazas! Is the Banco de Valencia subrogated or just a straight mortgage, you'll need to know if you are shopping around. Deciding which mortgage to apply for was definately the most difficult part of buying our apartment, the rest has been suprisingly easy. 




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02 Jun 2010 9:32 PM by scottmac Star rating in east kilbride sco.... 39 forum posts Send private message

hi its a straight mortgage im looking for .is their other banks i should try first before i try banco de valencia and do i fax them wage slips and bank statements

thanks scott




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02 Jun 2010 10:17 PM by accentp97 Star rating in Liverpool. 167 forum posts Send private message

Hi  Scott

I  would  highly  recommend you contact  Sharon Wyndham from the mortgage service group she will search the the mortgages on offer and give you her unbiased view on what mortgage fits you criteria  we used her to find our mortgage and I am glad we did she is based in Spain so knows how to deal with the Spanish banks which can be a nightmare if you don't speak the language and don't know the system here is the link to her web site

 

www.themortgageservicegroup.com

 

Regards

Graham




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14 Jun 2010 5:37 AM by kimborob Star rating in Elgin, Scotland and .... 42 forum posts Send private message

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Scott

We arranged our mortgage through our Spanish solicitor.  The cost of her fees for purchasing included mortgage application and she did all the ground work and shopped around for us, filled in all the applications etc.  All we had to do was send the relevent documentation over to her in Spain.  She has power of attorney so was able to sign everything and apply on our behalf. 

We ended up with bancaja, and so far are VERY pleased with everything.  We were immediately assigned an English speaking contact at our local branch which is very handy.  We can also do all our banking via the internet, which is great.

It may be worth checking if your solicitor offers this service. There are many mortgage brokers around and I would have difficulty knowing which ones to trust, although recommendations are usually a good sign.

Good luck.

Kim



_______________________
Kim :D


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Previous Threads

furniture for sale - 2 posts
phase 2 - 0 posts
Legal tip 277. Low cost action against Banks. Manifesto by Costaluzlawyers - 0 posts
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News on Golf course - 3 posts
Completion Due Date on Penthouse - 11 posts
Phase 2 - 0 posts
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what happens next - 1 posts
phase 2 - 5 posts
whats happening with phase 2 - 5 posts
Update On Golf Course Opening - 4 posts
ISLAS CANCELLED - 3 posts
Polaris Bankruptcy - What Happens If You Have Paid Your Deposit And Your Property Has Not Been Built Yet? - 4 posts

8 posts were found:


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