65% self certification withdrawn

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30 Jan 2008 12:00 AM by Smiley Star rating in San Pedro de Alcanta.... 2502 posts Send private message

Smiley´s avatar
The much vaunted 65% self certification mortgage product has been officially withdrawn from Spain. Personally I was not a big fan owing to high start up cost and interest rates but if a client needed it so be it but it is now officially dead. Those clients who have had a valuation done, and an offer been issued with a definite completion date we are being told will be honoured but anyhting other than that will not complete.

_______________________

Smiley - patrick@marbellamortgages.com  www.marbellamortgages.com   www.comparetravelcash.co.uk




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30 Jan 2008 8:13 PM by sharonw Star rating in Coin, Malaga. 281 posts Send private message

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Yes, many products are changing - in fact Self Cert now down to 50% LTV with restrictions on mortgage amount, term and maximum age!

 



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Regards

Sharon

sharon@tmasspain.com

 www.themortgageservicegroup.com

 




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