english reg car

Hello owners

We are Bob and Carmel Fell who have bought a 3 bed with some friends, Dave and Debbie Smith.  We are looking for a mortgage and wonder what type of proof do we need?  Bank Statements, Valuation on our property here in the UK or what?  Does any one have a recommendation tomake on a good deal and a simple application process?

Many thanks

Dear Bob and Carmell

My name is Jean - I also own at Hacienda - in Muirfield block.

I have lived on the Coast for 14 years and work in real estate, property management & holiday rentals.

I am not sure if I am allowed to mention names on this site - so will not actually name the bank itself - but 1 UK bank - operating here in Fuengirola have some excellent deals.

Normally - you will be required to supply your most recent P60 ( so April of this year) + your 3 most recent payslips.

If you are both working - it may be that the bank will require this information from both parties,

You will also be required to send a letter of reference from your UK bank - not disclosing any details - merely saying that you are a recognised client for however many years & that you have conducted your account with them in a proper manner.

If you are self employed - you will need to supply a copy of your most recent accounts.

No valuation of your UK property should be required - but a valuation will need to be done of your Hacienda apartment, by the bank you choose to go with.

Cost for this valuation - may be around € 200 Euros, depends on which bank.

Please be aware that if you do not take the mortgage available through EveMarina - which is with Caja El Monte, and have not advised them otherwise during the period of your contract, you may have to pay a 1% penalty for cancelling.

This really is a bind, but many people have elected to do so, as other banks have been offering better deals - for example the 1 in Fuengirola are actually doing a 15 year interest only mortgage - which is fantastic for anyone who may be thinking of selling on, once the complex is a little established and true market values are being achieved.

Kind Regards

Jean

Jeannie

With your knowlegdge of the area can you provide?

Any recommendations on:

Management of the apartment for rental and maintenance etc?

Furniture suppliers, any recommendations?

Look forward to meeting you when we get out there?

Thanks

Carmel

We got our furniture through time and place espania for 5500 euro, this includes installation, leather sofa bed, pictures etc etc you name it its in the package for this price.

Here is the address:   kristin.schiebler@timeandplaceespana.com

Please say that Andrew Lyburn recommended you, as they have been holding our package since May (Due to the time delay in completion) without any extra charge,

This was the best package we could find at that price.

Regards

Andrew