60% valuation with up to 5 years interest only
Bank will meet clients transfer costs:
- no legal fees
- no notary & registry fees
- no extra taxes
- no valuation fee (will be collected and refunded on completion)
There will be a study fee of 0.25% of the mortgage amount, payable at time of valuation
and refunded if completion goes ahead
The terms of this product are as follows:
Mortgage amount available: maximum 60% valuation
Mortgage term: up to 40 years (max age 70)
Interest rates: Euribor (monthly Euribor currently 1.75%) + 1.60% (1.5% if capital & repayment only required)
Interest only: up to 5 years
Redemption penalty: 0.5% first 5 years, then nil
i expect ecb to lower rates in first week of march by at least 1/2 % so wil be even cheaper
pm me if interested