Malcolm

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30 Jan 2007 12:00 AM by Malcolm Stuart Star rating. 17 posts Send private message

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 ?

 




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30 Jan 2007 6:45 PM by Smiley Star rating in San Pedro de Alcanta.... 2502 posts Send private message

Smiley´s avatar

Euribor plus 0.75 is possible - to give an answer just on a general question like that is impossible. A great deal depends on what you can bring to the party as it were and would need to have an in depth discussion before advising further. Regarding term again a great deal depends on your ages. Regarding interest only period a lot depends on you and what you want from the mortgage. Regarding redemption clauses a lot depends on what you want all round from the mortgage product. Too general a question to answer specificially. If you care to PM me a daytime contact telephone number I will ring and we can have a more in depth conversation based on FSA best practice of  "know your client"

Rgds


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




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