01 Apr 2008 12:00 AM:

With the euro depressingly low , credit crunch etc The valuation of the property i've put a 15% deposit down for is about 30000euros less then expected. I was given a contact at hifx who has offered me a 25year mortgage for 212000euros payable at £1100 a month repayment mortgage or £840 a month interest only this works out at 6% i need help.

Thread: This seems very expensive

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13 Sep 2007 11:26 PM:

If Spain is following the EU directive about residency , does that mean anyone in the EU can get a 100% mortgage?

Thread: To become a resident or not

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31 Aug 2007 5:46 PM:

Thanks for your advice.

Thread: Hi i'm new to all this

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31 Aug 2007 5:34 PM:

Thanks for the advice, i will be putting down the initial 20% within the next 21 days -6000E and have till March/April to worry about the completion cost, it is a risk but  as long as the valuation is around 270,000E i should'nt have a problem.. As the other apartments are going for around 245,000E i should'nt think that is unreasonable. The size of the apartment 118,60m , 97,48 of apartment and 21,12 terrace.

Thread: Hi i'm new to all this

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31 Aug 2007 5:01 PM:

Thanks for response, We have purchased a 2bed 2 bathroom apartment storge, underground parking off plan at Calononva golf for 220,000E, so i could you are saying possibly be able to pay all/some off the lawyers fees etc out of bank valuation price by getting a large enough mortgage. I am a worrier about this stuff , my head , heart and girlfriend tell me its a good deal but every so often i think im going in over my head.

We intend renting the property out, it overlooks the course and is within in 15minutes of 15 other courses so hope to pay the mortgage through it being rented out. Its just the completion costs which have been bugging me.

This message was last edited by imaginelennon on 8/31/2007.
Thread: Hi i'm new to all this

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