Interest free mortgage

Post reply   Start new thread
:: New - Old :: Old - New

Pages: 1 |

Forum home :: Latest threads :: Search forums
The Comments
07 May 2011 00:00 by sherrl Star rating. 2 posts Send private message

Hi,

Can anyone help with some information please?

I have an apartment in La Cala de Mijas and  like lots of others, have been unable to rent it out. The bank will let me switch to an interest free mortgage for 2 years but want to charge 1200.00 euros. Not sure if this is the banks fee or the notarys. This seems to me an excessive amount although they have said I won't have to pay any charges when it reverts back to a repayment mortgage.

 

 





Like 0      
07 May 2011 18:23 by mrpidman Star rating. 16 posts Send private message

Hi, we are planning to visit the area and were planning to stay in Calahonda whilst looking at property. Maybe you could post details if you are looking to rent the property? Thanks





Like 0      
08 May 2011 12:26 by sharonw Star rating in Coin, Malaga. 281 posts Send private message

sharonw´s avatar

Hi Sherrl,

This will be a combination of the banks (admin) charge and the notary fee to change your mortgage basis in the registry documentation.  Have you considered changing lenders? If it is a possibility i.e. based on your financial circumstances and the value of the property, it is possible to switch paying no costs (lender pays) and obtaining up to 5 years on Interest Only basis.

 



_______________________

Regards

Sharon

sharon@tmasspain.com

 www.themortgageservicegroup.com

 




Like 0      

Pages: 1 |

Post reply    Start new thread


Previous Threads

Over 65 and exemption from capital Gains? - 7 posts
Internet y World Wide Web - 0 posts
EMAUS SUMMER FEST 30TH & 31ST JULY - 15 posts
freesat & post code - 5 posts
Ryanair! What counts? - 2 posts
Halifax Bank - 3 posts
112 from uk mobile? - 4 posts
Legality of Committee members - 2 posts
Cheap flights to UK from Malaga?? - 9 posts
Neil Kemp - Fuengirola - 0 posts
road show in europe - 0 posts
Winter flights into/out of Murcia - 10 posts
Made it to spain at last. - 2 posts
Costs for selling a property through Estate Agents - 2 posts
International Family Day - 0 posts
Alicante to Valencia train - 4 posts
replacing a stolen escatura - 1 posts
Tarjeta de transporte - 2 posts
tenerife tax authorities - 0 posts
Any Creative Writers out there? (Mijas/area) - 1 posts
Roof Box - Fuengirola - 1 posts
schools in Spain - 0 posts
Our recent advert -10%off - 1 posts
Arts and Crafts Market in the Duquesa Port - 0 posts
bank guarantor - 2 posts

Number of posts in this thread: 3

DISCLAIMER:  All opinions posted on these message boards are the opinion solely of the poster and do not necessarily reflect the opinion of Eye on Spain, its servants or agents.


1 |
Our Weekly Email Digest
Name:  
Email:
   


This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x