17 Feb 2007 12:47 PM:
hi kevin
ive heard that the developers mortgage is good as it will be a lot cheaper but u wont be able to use the mortgage to pay your taxes with i.e. if u bought property for 150000 payed ur 30% deposit at the beginning your left with 105000 aprox plus16% taxes/fees on top the developer will only give you the 105000 mortgage. the best person to talk to will be your lawyer he may even be able to find you a mortgage thats best suited to your financial sercustances ie remortgage so property revalued you get to draw out more money to pay your taxes theirs also 70%/80% mortgages interest only fixed for a period of time1 to 2 or 5 years.etc
ps my mortgage advisor in spain is chris norman at europamortgages malaga
all the best tim
ps im off to spain tomorrow to see whats happening
Community thread:
Developer Fees
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