16 Oct 2006 6:36 PM:
Smiley,
We too have been offered to take over the developers mortgage under the following conditions
- Interest rate: EURIBOR + 1,25% - Minimum interest rate: 3,25% - Term: 15 years - Subrogation commission: 0,25% - - Cancellation commission: 1% -- Commission for transfer to another bank: 0,50%
I need to get the full details via our solicitor, but would value your opinion as you seem knowledgeable on the subject. I think we would prefer to get a 25 or 30 year mortgage but need to weigh up the set up fees of the developers mortgage against arranging our own.
Thread:
What's the best deal?
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