Best Mortgage options

What are the best deals available for non resident mortgage applications

UPDATED information related to Finance & Current Account Services

There has improved mortgage conditions for FOREIGN CLIENTS MORTGAGES.

Please see complete conditions below.

FINANCE TO CLIENTS

The terms of  VARIABLE RATE  finance are:

Amount: Max 60% of purchase price. 
Clients coming from Belgium,Holland & Sweden: 70%.

Term: Up to 25 years (max 75 years of age expiration date).
Opening fee comission : 1 %
Initial Rate (first year): 2,30 %
Annual revision: Euribor + 2,00 %**
Advance cancellation fee: 0,50 %

** compulsory Life Insurance to cover amount of loan,  and House Insurance to cover property basic damages.

FIX RATE finance condicions are:
Opening fee comisión: 1 % 
Term: 15 years. Rate: 2,75 %
Term: 20 years. Rate: 2,90 %
Term 25 years.Rate 3 %

Documents required for the study:

--In all cases:     
*Passports and NIE numbers 
*Nota simple & purchase contract 
*Experian Report (full updated report, including all debts and monthly payments).

--If employed: 
*3 last wage slips and last P60.
* Last Tax Return if available.

--If Self-employed: *Chattered Accounts for last 2 years, and Tax Returns.

Term for the study:

This bank will give an answer to clients in 4-5 working days.

Term for completion:

Valuation report: 7 days.
Preparation of signature in Notary: 5 days.

In total, the process takes max 17 days.

CURRENT ACCOUNT SERVICES:

Documents required and services:

We will only need  the following:
*Passports , and
*Activity document (pay slip or pension slip).

*It is possible open account in the distance (with scanned documents) in 24 hours.

Costs and services for current accont & Cards:

Maintenance commission: For clients receiving salary or pension in the account (min 650 eurs/month): NO COMISSION.
In other cases: 45 euros/year.

Cost of Debit/Credit Card: For clients with pension or salary: NO COMISSION.
           In other cases: 30 euros/year.

Services for Current Accounts:

     * Direct Debits
     * English Telephone and Internet Banking Services.
     * Top Up service.
     *Possibility to open different currencies accounts (pounds, dollars...), even on-line. 
     * And the very important: All our branch employees speak perfect English.