RE-MORTGAGE AND EQUITY RELEASE

• Do you want to switch to an Interest Only mortgage?

• Would you like to extend the term and/or reduce the interest rate?

• Would you like to buy another property?

• Do you want to release funds from your Spanish property

Examples of products available to achieve any of the above using your Spanish property include:

Product 1

Transfer your mortgage for free. All arrangement fees covered by bank

15 years interest only facility
Interest rates from Euribor plus 1%
Full status only

Product 2

Up to 70% loan to value. No limit on cash out
10 years interest only
2 year discount rate Euribor plus 0.75%
Bank arrangement fee 1%
Legal fees covered by client
0% redemption after discount period
Full status only

Product 3

Re-mortgage only
1 year interest only facility
Interest rates Euribor plus 0.75%
Up to 70% of current valuation
Bank arrangement fee 1.25%
1% full redemption 0% for partial no limit on partial
Full status only

Product 4

Up to 75% of valuation with up to € 150.000 cash out
Interest rate Euribor plus 1.30%
Up to 10 years interest only
Bank arrangement fee 1% of lending
1% full redemption with 25% capital overpayment allowance yearly
Full status only

Product 5

Self stated Income (Self Cert)
Up to 60% loan to value
Interest only facility available
Cash out available up to €400kInterest rate client specific

For a no obligation quote please email rod@ms4spain.com

IMPORTANT NOTE

In general re-mortgaging or raising funds against an unencumbered property in Spain costs in the region of 3 to 4% of borrowing. These costs are deducted form the loan. The costs may vary dependant on your circumstances and the benefits derived from switching or taking out a mortgage needs to be assessed against the cost of doing so.