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Nerja Mortgages

There is a range of Mortgages and financial options available in Nerja including sterling mortgages secured solely on a Spanish property, full term fixed rates and a potential borrowing of over 70 - 80% of the property value. With interest rates as low as 4% and Spanish mortgage terms from 5 to 40 years, there has never been a better time to arrange your Nerja mortgage with Nerja Realty. We have direct access to all major lenders and banking institutions that also have specialist schemes and special deals to cater for your individual needs. We provide guidance on all aspects of property purchasing in Spain and review all the available financial options.

Mortgages in Nerja

We are experienced and certified with all Mortgages products in Nerja, the most frequently asked questions we receive are How much can I borrow? In general, we can arrange a mortgage up to a maximum of 70% of the property valuation, most European Banks lend on the basis that your total monthly repayments (capital and interest) should not exceed 35% of your net monthly disposable income. How long does it take? Each individual case is different however, you should allow between one and four weeks from mortgage application to the funds being available. It is possible to secure a mortgage on your main residence, holiday home, investment purchase, construction product and commercial premises.

Banks in Nerja

Choosing a bank can be time consuming endeavour, Nerja Realty have bank representatives visiting all the time outlining there products and there latest deals so we know exactly which ones are offering the best deals at the time. If you're a non resident you can open a bank account with just your passport and a euro, if you want a debit card there is a annual charge and you will also need to check the quarterly charges they in force to administer your account.

Nerja Banks

Nerja Banks offer a wide range of products and services. Theses are separated between resident and non resident products. Non residents are offered up to 75% loan to value. Equity release or re mortgage up to 75% loan to value on existing properties. Commercial loan up to 60% of market value. Construction mortgages with up to 80% value of completed project with payments made during completion of each stage of project. Land mortgages with 70% of costs and finally Bridging finance by negotiation secured against Spanish property only. If you plan to be a resident in Spain don't forget to upgrade your bank account to take the extra benefits.
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