| The Comments |
They are also not that keen on you knowing the terms and conditions of the mortgage in advance (and more often than not in a language that you understand) not to mention any compulsory products such as their own in house life assurance and if this is CAM that I am sure will be a feature. They like the idea that the very first you will know about is in the ball of confusion that is the Notary's office with everyone else milling about and the stress and trauma of what is going on you heave a sigh and sign on the dotted line - not being entirely certain what you have signed for. All our clients receive prior notification of terms conditions and in the very unlikely event compulsory products.
_______________________
Smiley - patrick@marbellamortgages.com www.marbellamortgages.com www.comparetravelcash.co.uk
0
Like
|
|
Smiley
From reading a bit , I think you are the expert on mortgages, see below how does it stack up?
I have a few more but this does not seem to be that much less expensive than UK?
Purchase price: 270.000.-€
- Mortgage amount: 240.000.-€ ( maximum 90% purchase deed and maximum 70% valuation, we will a need a valuation of 340.000.-€)
- Mortgage length: 30 years ,first 15 years interest only and the following 15 years repayment. Maximum age applicant 80 years old.
- Opening fee: 1%
- Early redemptions total or partially: 0%
- Interest rate applies: monthly euribor + 1,25%. Today monthly euribor is 3,86%, total interest rate applies at today rate: 5,11%. Interest rate review monthly.
Based in the above conditions at today rates the monthly payments will be:
* During the interest only period at today rate 1.022.-€
* After the interest only period, during the repayment period, at today rate 1.911,69.-€ (in 15 years time).
All advise greatly appreciated
Seb
0
Like
|
Hi seb
Yes, I certainly agree that Smiley is the expert on mortgages. We currently have just completed on our property through Smiley.
If I understand correctly you are searching for a mortgage. Well through a bad experience(not knowing whether we were going to get a mortgage, pushed from pillar to post) we finally found the right mortgage broker which were Marbella Mortgages, through Eye on Spain. Patrick also known as smiley on eye on spain, has been very helpful and efficient. He is very honest and gives professional advice (I'm sure you'll have a lot of questions to ask!) He managed to get us more capital than we needed which has helped us incredibly. It truly is a first class high quality service and highly recommended and we are very positive that you will have no problem.
Once again our Big Thanks go to Smiley for making this possible.
Sunita and Neeraj
_______________________
Neeraj
0
Like
|
|
|
Yes Smiley (only just discovered he went under that name today!!!) is brilliant. Having first made contact with Marbella mortgages two years ago he's helped us every stage of the way with the very drawn out and frustrating completion of our property which finally happened yesterday.
If you're needing to arrange a mortgage on the Costa del Sol look no further than Patrick!
Smiley, we'll definitely be buying you a drink.
S and F
0
Like
|
Hi guys thanks for the "big up" and reiterate what I said to Neeraj - its really great to know you are appreciated - not sure whether I should mention you by name as you are incognito as Happy People (S&F) - but essentially glad to be of service to you - hope Naomi not acting for the other one as well!!!!
Give me a bell when youre down and we will have a beer or two
Rgds Pat
_______________________
Smiley - patrick@marbellamortgages.com www.marbellamortgages.com www.comparetravelcash.co.uk
0
Like
|
Well I am looking for approx 120K euro mortgage, have options through solicitor,but its getting very confusing regarding charges,commissions,taxes,etc,etc,It just seems to go on and on,have no total repayment figures,just a monthly repayment.
Help would be appreciated. Thank you
_______________________
Mags
0
Like
|
I have just had a pleasant conversation with Smiley regarding a mortgage I require for our property purchase in Spain.
I commented that I had not seen as many posts from him as I would normally expect.
Just in case anyone else has missed his valued input to this forum, I would like to report that he is as busy as usual, but still as helpful, resourceful and cheeky as ever.!!!
He has lessened the concerns I had with just a few words.
Just to say - Thanks Patrick.
Cheers
Ellen
_______________________
Ellen & Jim
0
Like
|
Dont really know what concerns you or anyone else had but just in case there is any doubt I am alive and well and still (just about) kicking. A recent house move has meant the loss of ADSL which means that I am no longer able to post at 2 and 3 in the morning (I am not that sad that I am in the office at that time of night). That situation might be resolved in the fullness of time or perhaps it is time for me "to get a life" so maybe wont ever have ADSL at home again.
Thanks for the kind words ElleMum - its good to know someone cares and when I can during my (long) work day (its 9.40pm here) I will post if I get the chance. In the meantime I am always available by PM or simply the e mail address to give general or specific information.
Best wishes and again thanks for the kind words.
_______________________
Smiley - patrick@marbellamortgages.com www.marbellamortgages.com www.comparetravelcash.co.uk
0
Like
|
We have our mortgage through CAM bank as well as the life insurance required. Can anyone let me know if the insurance has to be taken out with CAM or can you go to another provider.
0
Like
|
|
Do you know if this has to be with a Spanish company or can you get it through a UK company? Do you have any suggestions of who I could get a price from?
0
Like
|
|
no you dont need to take life insureance with the bank.i am currently working with a lender to get a fee free remortgage package through.if anyones interested pm me and ill try my best for you.
_______________________
0
Like
|
There is no legal obligation of a life insurance ( just an insurance against fire is legally obligatory) and of course you can choose the insurance company you prefer... not necesarily the Bank´s one.
This message was last edited by mariadecastro on 25/06/2009.
_______________________
Maria L. de Castro, JD, MA
Lawyer
Director www.costaluzlawyers.es
0
Like
|