About
Us
PROFESSIONAL MORTGAGE ADVICE
 Given
the complications of buying a new home, especially
one in a new country, it makes sense to seek professional
advice on what will be one of your largest financial
commitments to date.
Our
financial advisers are UK trained and qualified to
ensure a high standard of advice, advice that you
can rely on. We carry professional
indemnity insurance for your peace of mind and we
keep up to date with the many
products and services on offer. Also
we can help you with other professional people who
operate with the same principals.
Our
service is to act as a broker and place the mortgage
with the best
lender for you given your circumstances,
in the UK there are three levels of service available
from your advisers, we offer the higher level, which
is to give advice and recommendation of the lender
and the mortgage arrangement. If
you go to a local bank you will only get the products
they offer, we are linked to most of the major lenders
in Spain and others from outside and therefore can
go to any of them to get the best deal.
There
are many things to be aware of when buying your property,
in the following pages we address some of
the issues that you need to look out for.
Overview
A mortgage is a loan secured on the property which
you aim to own or to release equity build up in the
property.
Your commitment
You
must declare all relevant information on the application.
Must make monthly payments to the lender for the term
of the loan. If you have interest
only payments, you will need to
have another source to repay the loan by the end of
the term.
Risk factors
Your
home is at risk if you do not keep up the payments
on the mortgage or loan secured on it. Lenders
may make an early redemption charge. You may lose some fees if you do not proceed with the
mortgage.
Types of mortgage available Variable rate
Most
mortgages are arranged on a repayment basis, this
consists of interest and capital. Interest rates
can
and do vary, so the repayment is likely to change during
the term of the loan.
Fixed rates
It
is possible to fix your rate for the term of the
loan or for a fixed period.
These rates are about 2% above current rates, depending
on the term selected.
Interest
only
Here
you only pay the interest.
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