Nowadays the banks are more willing to provide a mortgage when purchasing a home. If you are not a resident of the country you are buying a home, and are not permanently living in that country, you can usually receive a mortgage of up to 70% of the value of the property on condition that the monthly amount to be paid does not exceed 40% of your net income, after deduction of your other obligations. If you can comply with these rules you are eligible for a mortgage with normal interest rates and terms. Of course there are exceptions. If you need higher funding, you will soon find out that the interest rates and terms will often be much higher as well. Our experience shows that it is best to talk with a local bank since they usually provide the best conditions and know the market best. Because of the large number of real estate transactions, our company has excellent contacts with local banks and we will advise you which bank can help you best when you want a mortgage.
GENERAL ISSUES THAT DESERVE ATTENTION
If you buy a house or property abroad you will have to deal with Internet, telephone connections and other monthly recurring subscriptions. We advise you to ask whether someone has good or bad experiences in your area with the company you intend to sign up with before you sign a contract, regardless of which contract it is. What do you expect from this contract or service, for example do you need this daily or monthly, or maybe only a few months a year? Check the time required to terminate the contract. Especially for mobile phone subscriptions you hear bad to bizarre experiences of people with regards to the termination of a contract; connecting happens in five minutes, but when you have to close or change the contract it can sometimes lead to very annoying situations. You can walk into any phone shop and sign a contract, but try to enter that same shop to terminate the contract and you will soon find out that it is often a time-consuming annoyance. Read the fine print and, as important, listen to the experience of people who already live there for years, and that can tell you what to do best. Our consultants can often give you some useful tips. The same applies if you want to buy a car, motorcycle, scooter or boat.Contact us