Malcolm - Eye on Spain

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Tuesday, January 30, 2007 Malcolm Stuart Parcela I've made 15 posts Send private message to Malcolm Stuart	We are buying a duplex on Phase 2 of Al Andalus Thalassa and intend to raise a mortgage for approx 60% of the purchase price based on an interest only payment with full repayment in 3 to 5years. To date we have been given a rate of Euribor + 2% can anyone provide details of a better deal ? Spam post? If so please click here to report it
30 Jan 2007 6:46 PM Smiley EOS Superstar I'm in San Pedro de Alcantara I've made 2144 posts Send private message to Smiley	See my reply under your other thread _______________________ *Smiley* - patrick@marbellamortgages.com www.marbellamortgages.com *Sarcasm is the lowest form of wit .....but any form of wit is an achievement* NO MATTER HOW MUCH MONEY YOU HAVE GOT, IF YOU HAVE NOBODY TO SHARE IT WITH, THEN ITS JUST NUMBERS IN THE BANK. TO ESCAPE CRITICISM DO NOTHING, SAY NOTHING, BE NOTHING! Spam post? If so please click here to report it
11 Apr 2007 1:33 PM PuertoRey Parcela I've made 2 posts Send private message to PuertoRey	That is a very very high rate. Go to any bank around to check. I suggest Solbank in Vera Playa. I deal with them. No problem till now. Spam post? If so please click here to report it
11 Apr 2007 1:35 PM PuertoRey Parcela I've made 2 posts Send private message to PuertoRey	One more thing. AVOID INTERMEDIARIES. GO DIRECTLY TO THE BANK. Spam post? If so please click here to report it
11 Apr 2007 1:42 PM Rixxy Villa I'm in San Pedro I've made 1847 posts Send private message to Rixxy	Reputable intermediaries can save you money by negotiating the rate down as well as ensuring attached policies are not enforced. Not all banks are reputable and people walking in off the street will automatically be offered the higher more lucrative deals. I only know as it happened to me! _______________________ Quite frankly m'dear, I don't give a damn! info@direct-auctions.com www.direct-auctions.com www.weightmanagementclubs.com Spam post? If so please click here to report it
11 Apr 2007 9:51 PM Marts Parcela I'm in Marbella I've made 6 posts Send private message to Marts	Hi there! I TOTALLY agree with Rixxy. Find yourself a good mortgage advisor! We can be of great help. In my personal opinion there is no need for the broker to charge the client any fee either as banks already pay good commissions. However I totally respect those brokers who do... A 60% mortgage enables you to have very low & competitive rates. Banks favour these mortgages as the risk here is much lower for them. Euribor +2 is a horredous rate! It depends on what you are looking for, but for borrowing this percentage you can have a rate as low as Euribor + 0.68 for a non resident mortgage. Also watch arrangement fees... A standard arrangement fee is 1%. No more should be charged. marta@easy2loan.com _______________________ Marts Spam post? If so please click here to report it
12 Apr 2007 1:31 PM sharonw Ático I'm in Coin, Malaga I've made 110 posts Send private message to sharonw	Although a lower LTV can dictate more favourable conditions, I think the product Malcolm was talking about (correct me if I am wrong!) is a FULL term interest Only and on a Self Cert basis. This is an expensive mortgage e.g. arrangment fee and interest rate (but not E +2!) but very popular as there is no need to prove income. Hence the higher conditions. Rgds Sharon sharon@tmasspain.com _______________________ Regards Sharon sharon@tmasspain.com www.themortgageservicegroup.com Spam post? If so please click here to report it
12 Apr 2007 2:55 PM Marts Parcela I'm in Marbella I've made 6 posts Send private message to Marts	Hello Sharon! Sorry it was late last night & being new to the forum it's difficult to catch up with all the comments ...had no idea that they were talling about a self.cert. Yes that mortgage does exist but definately not at Euribor +2!! Euribor +1.75 is more like it. But I do you agree with you in that it is very popular. It makes me very happy to see that banks in Spain are slowly beginning to change & offer more innovative products! It is easier to work this way... Marta xx marta@easy2loan.com _______________________ Marts Spam post? If so please click here to report it

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