17 Dec 2009 12:00 AM:

Just received a large info pack from Polaris, which included optional insurance details for the MM2 apartments.  Can anyone recommend alternative insurance companies who already insure on MM. Polaris are using Zurich.

 

 

Community thread: Insurance company

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05 Dec 2009 3:34 PM:

We  were offered the same sort of thing but with Banco Popular. The incentive of subrogating appeared worthwhile until I actually found out how much a mortgage was going to cost compared with another lender. Their spanish interest rate was a lot higher for the first year ( 5%), so the savings were wiped out, and they could not offer an interest only loan, only a repayment loan. Another issue was with the accompanying current account which I had to take. The bank charges 6 euros per month for admin, even though I do not have anything else set up on it.

I have now changed to Halifax Hispania. I have an interest only loan on 1.8%, with a setting up fee of 1000Eu. The only other cost is a valuation fee of 350Eu. Also, the fee for the current account is fixed at 25Eu yr, plus you have an english speaking staff.

There maybe better deals about if you try hard enough, but I was happy with the Halifax.

 

Good luck

 

Community thread: mortage

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16 May 2008 1:01 PM:

The news today about a building company in Spain going to the wall, coupled with the constant news about the credit crunch has got me looking at my situation. After checking through our Polaris World info. it appears that I have not received the bank guarantees either, like many others on this site.

I cannot find an email address to contact them, only a telephone No.  Has anybody out there got Polaris's email, if not I'll phone them direct.

Thanks in anticipation

nik

Community thread: Anyone got any news on MM2?

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