up to date detials about applying for an NIE number please?

Hi Everyone

We have just completed this week on our apartment in phase 2 at Roda Golf and would like to share our experience with you in looking for our mortgage.

We decided that we would contact Sharon Wyndham from 'The Mortgage Service Group' after finding her on this forum. We purchased our apartment through MRI and was immediately referred to their lawyers at Martinez -Echevarria who I have to say have been very difficult to work with. However, Sharon has been an excellent and very experienced professional who has gone that extra mile to ensure our purchase process was as simple as possible. Sharon has provided an excellent quality of service, giving advice and has kept us informed all the way through our completion, sometimes even two or three times a day when our lawyer has failed us. 

I cannot thank Sharon enough for her help and can raise a glass of bubbly to her now that we have eventually completed. I would fully recommend Sharon from 'The Mortgage Service Group' to anyone who is looking for independant financial advice on their mortgage.

Best service I have come across in a lot of years - cheers Sharon!!!! 

June

Thanks June, for your kind words,

It was a pleasure and I wish you and Stewart every enjoyment in your new holiday home!

Kind Regards

Sharon

sharon@tmasspain.com

www.themortgageservicegroup.com

 No problem Sharon, it was such a pleasure having someone like you deal with our finances and mortgage application. Keep up the good work!!!!

hugh_man we have had Roy in from 'inspectahomes' do our first snag and although thankfully there was nothing major found we are hoping that most of the work will be done for Stewart going over on Tuesday. Roy will go and do a second snag when Roda informs him that all the necessary work has been carried out. We will certainly keep on top of them to get everything finished soon hopefully.

We are just looking forward now to having a few nice holidays at Roda Golf and enjoy our apartment now that all the hard work has been done.

Regards

June

Has anyone used  Banco de Valencia(murcia), and taken over the developers mortgage? This was commented on before, but I cant find the thread. They maintain upto 5k fee cost savings. I am awaiting to get a quote on their rates.

Generally there are upfront savings to be had when subrogating the developers mortgage:

Notary and Registry fees are halved

There is no stamp duty to pay on the mortgage amount

There is usually no bank opening fee imposed

There is no valuation fee to pay

Therefore dependant on your mortgage amount, these savings can add up.  If you weigh up these savings vs long term cost i.e. is there a high interest rate involved? and should the product criteria fit your requirements, then it can be the best option.  Also check to see if there are any hefty comulsory life assurance policies involved!

On the downside developer mortgages are inflexible and come as a percentage of the purchase price rather than the valuation.