Call us now on 08717 20 20 10 [UK - Special Low Rate]
Callers from outside the UK: (0034) 952 587 541
Call us now on 08717 20 20 10 [UK - Special Low Rate]
Callers from outside the UK: (0034) 952 587 541
PRE-RELEASE PRICES
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NEWSLETTER
All our developments have pre-arranged mortgages available through the developer. However, through our financial partners we have researched alternative mortgages with improved terms. A guide to this service is shown below.
| Maximum Loan: | 70% purchase price |
| Maximum Term: | 20 years |
| Maximum Interest Only: | None at present |
| Maximum Age on Completion: | 65 years |
| Best Rate: | 5.15%- 6% |
| Mortgage Process Length: | 6-8 weeks |
Qualification for a mortgage can vary from bank to bank. Generally qualification is dependant on your ability to repay your mortgage and debts at home, as well as your mortgage in Morocco. The figure used is usually expressed as a % of your combined net take home pay. Eg. In Morocco this is 35% - 40% of your net take home pay. However some banks are more flexible than others
All mortgages have associated costs, for Morocco these costs are:
Opening Fee: 0.5% - 1.5% of loan amount
Stamp Duty: 2%
Notary: 1%
When applying for a mortgage it is important that you have specific documentation to support your application and prove that you are elegible for a mortgage. This vary depending on the lender and the type of mortgage you are applying for.
Note: All facts and figures may vary depending on individual circumstances.