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Interest only Spanish mortgages can be arranged by Rose Financial
Planning,
who are based in Mojacar, Almeria, Spain, and have UK qualified mortgage
brokers to deal with your enquiry. If you use
the link above they will get back in touch almost immediately.
An interest only Spanish mortgage means that you
only pay the interest on the mortgage, and none of the original capital that
was borrowed to purchase the property.
At the end of the agreed term the mortgage amount
needs to be repaid in full and there are many ways that this can be done.
Some borrowers set up alternative investment plans to run along side the
mortgage payments, for instance PEP's and ISA's, or use an existing or new
endowment policy.
Others will rely on an inheritance, lump sum from a
pension fund, or the sale of assets or property held either in Spain, the UK
or another country.
Obviously, with an interest only Spanish mortgage
the monthly repayments will be less than on a capital and interest mortgage,
and if the proposed property is going to be rented out as a business, then
the monthly payments of interest can set against income for the purposes of
taxation of profits.
Interest only Spanish bank mortgages can now be
available for up to 30 years, and the applied interest rate is almost half
that applied in the UK by UK banks and building societies.
Of course if you want capital and interest that is
just as easily arranged.
Just use the link above to make an initial Spanish
mortgage enquiry direct to the UK brokers in Spain
Mortgages for property all over in Spain and it's islands
UK mortgage brokers, based in Spain, dealing direct with Spanish Mortgage Lenders
Highest loan to values obtainable in Spain
Balearic Islands and the Canaries covered
Interest rates from as little as 3%
Your enquiry will be treated with utmost urgency, diligence and care.
Immediate in-principal decisions are available
Off plan Spanish properties with guaranteed mortgage.
Residential mortgages
Rose Financial Planning have many Banks and Centralised Lenders to choose from and will be able
to find the right mortgage for you.
"From the information you give us we will be able to
provide you with:
1. An in principle decision
2. Information regarding the repayments
3. Information involved in providing your mortgage"
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