Construction Mortgages in Spain with Stuart Weeks
Автор: Fluent Finance Abroad
Загружено: 2023-12-06
Просмотров: 10927
Описание:
Qualified Mortgage Advisor Stuart Weeks discusses the options available for construction mortgages in Spain, particularly for non-residents.
He outlines two main structures for self-build mortgages, with the first option involving the purchase of the plot and completion of 25% of the construction before the bank releases funds in four stage payments.
The second option allows for the bank to lend 70% of the total project cost, including the land, but still requires a significant capital outlay before funds are released.
Stuart emphasizes the importance of having sufficient funds available to avoid potential financial challenges during the construction process.
Qualified Mortgage Advisor Stuart Weeks highlights the specific requirements and limitations of construction mortgages for non-residents in Spain, providing valuable insights for individuals looking to undertake self-build projects and navigate the lending process effectively.
Get in touch: https://fluentfinanceabroad.com/conta...
San Pedro Office
Av. Marques del Duero 76, 3º C, San Pedro Alcantara, 29670 Marbella, Malaga, Spain
Email Address: [email protected]
Phone Number: +34 952 85 36 47
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Fluent Finance Abroad, Sotogrande, c/ Altamira, 5. Edf. Ayala. Local 24, Pueblo Nuevo de Guadiaro, Cádiz 11311
Phone Number: +34 951 568 930
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