Looking for advice from anyone who got a 100%+ mortgage for a propert

 Hi everyone, firstly this forum is fantastic, if been reading all the wonderful questions and even the replays all evening. I have a couple of questions that I was hoping any of you could assist with. 

My first question is can anyone who has secured a 100%+ mortgage for a property please give us recommendations on a company to use that can assist us, ideally we want to use our savings for furniture and a local car   My second question is, has anyone from ireland secured the 100%+ mortgage, we are an irish couple, this is an investment property, I'm also a restaurant owner and ideally I'd like to open one in Murcia, but first steps first..  Thanks everyone  

Can't help in finding a 100% mortgage but what I can give is some good advice if you are planning on renting the property out to cover the payment's I would not bother buying their are thousand's of people that have listened to the bullshit from estate agents that will give you unrealistic rental figures just to get you to part with you're money you will find it very difficult to rent the property out unless it ticks all the boxes for a holiday rental sea view / very high spec/well positioned for night life/ and cheap to rent for the week realistically you are only looking at a 12 week window for rental.

Hi Windtalker, thanks for the heads up. We never really factored on renting it out, ideally its a place for us and family to use throughout the year. We can afford the repayments without rental. Can I ask where you bought? 

Hi I bought a villa on Camposol about 8years ago Camposol is a larg urbanization of about 4,500 property's that people live in all year round mostly British Irish English   it's a 3 bed 3 bathroom villa with a a pool  I use it for holidays I manage to get over every 7 week's throughout the year  I cannot give you any advice about running a business in Spain good luck.

This message was last edited by windtalker on 01/04/2015.

From what we have seen and been told by banks here is that unless you are really flush with money they are only likely to give an 100% mortgage on one of their own properties and I'm guessing there will be certain conditions that need to be met first.

I don't think dealing with any company as such will be particularly helpful, it would be far better to deal directly with the banks or the agent representing the property. Find the banks own property websites like Solvia for Sabadell for example, each bank has their own and do some searches for property and see what you can come up with.

First of all you will not be able to go to a mortgage broker and get a 100% mortgage, they simply don't exist and the on;y way to get these is to select a property where the bank are offering 100% - even 110% mortgages on certain developments and properties

For thise mortgages the banks can be difficult and often take a long time to agree the terms, lots of checks, the interest rates can be higher than normal terms and they will ask you to agree some extra insurances like life and property insurance, so be careful

Remember the buying charges, which are  not always included and it costs between 10% - 12% in fees and taxes, then you have to facture in not just fixtures and fittings but the charges for example for things like the setting up of the utility supplies

If you must have a 110% plus mortgage to initally buy a property think very carefully, you also have annual fees, rates, non-residents tax and community fees, somthing like €900 a year

I can advise on  some banks that are offering 100% morthahes in the Murcia, please PM he for details