New product availability
News Article Date: Wednesday 08th of April 2009
One of the lenders that we have worked with extensively in the past has returned to the market in Spain with some exciting products and rates.
For clients that are interested in moving from their current lender, this bank will allow them to switch to an interest only deal, for up to 5 years, and then repayment terms until the age of 70.
One of the problems with remortgaging in Spain is the high level of fees involved, including the bank charges, notary fees, land registry fees and charges.
This lender is offering to absord these mortgage expenses, thus making it a very cheap way of moving your mortgage and making significant monthly savings.
The interest only mortgages, for remortgages, are available based on the monthly euribor rate, with a margin of +1.60%
This gives a current mortgage rate of 2.6% meaning that a €100.000 mortgage would cost 217 euros per month
If you are interested in finding out more and making an application, send us an enquiry form from http://www.europamortgages.com/spanish-mortgage-enquiry.htm
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