Orchard Property & Financial Services
11 Long Lane – Ickenham – Middlesex – UB10 8QU
T: +44 (0)1895 623626
F: +44 (0)1895 623929
E: info@orchardfinancialservices.com
W: www.orchardfinancialservices.com

90% Spanish Mortgages are back!

A leading Spanish bank is to offer mortgages loans, up to 90%, on selected Spanish property owned by the bank.

Most Spanish mortgages are normally limited to 70% of the purchase price so this is an exceptional product. The bank owns or controls many brand new properties and has taken the decision to sell them with amazing discounts, up to 60% off their original sale price.

And that's not all, the bank will provides these additional safeguards and warranties.

Low interest rate - only 2.65%
All developments still under construction will be fully completed by the bank

Legal title guaranteed by Bank

France continues to experience a stable growth in house prices - French Mortgage Deals

France as predicted has not experienced a large decline in property prices unlike the USA, Spain and the UK. Traditionally France has had stable growth in house prices without large short term increases added to the more conservative lending policies of the banks this has helped ease the blow of the credit crunch on the housing market.

Standard products up to 85% loan to value with rates from 3.25% make mortgages very attractive. Refinancing existing mortgages to cheaper rates and raising capital is also proving to be very popular at present. For purchases with loans over 300’000 then 100% mortgages are still available.

With the weakness of the pound against the euro, a mortgage on an overseas property is looking a very attractive option for people who are buying overseas, it is also a good time to exchange euros back to sterling.

As an alternative income stream to the UK mortgage market it is worth looking at overseas mortgages, you provide the clients contact details and one of our experienced underwriters will take the case through to completion for you.

In a number of countries there are products available for PURCHASE, RE-MORTGAGE AND CAPITAL RAISING. Overseas mortgages are an income stream worth looking at in the current difficult market.

AS IN THE UK MARKET THE PRODUCTS AVAILBLE ARE CHANGING ON A DAILY BASIS. NOT ALL FEATURES ARE AVAILABLE IN ALL PRODUCTS

Overseas Mortgages

Turkey

The problem with the sale of property to foreign nationals in Turkey has now been resolved. The Turkish Land Registry (Tapu) offices have now restarted transfer of ownership in the name of foreign national.

This means the banks are now happy to proceed mortgages through to completion and accept new applications

Maximum Loan to Values 75%
Full status only
Repayment Only
Max term 20 years
Loans available in Sterling and Euros
Rates from 5.80% Variable

AS IN THE UK MARKET THE PRODUCT AVAILBLE ARE CHANGING ON A DAILY BASIS. NOT ALL PRODUCT FEATURES ARE AVAILABLE ON ALL PRODUCTS

Bulgaria
Mortgages are available for house purchase or refinance.
Brief Lending Criteria:

Maximum 75% loan to value of declared value at notary
Up to 25 year term to age 65
Repayment with option for 1 year Interest Only
Minimum Loan - €40,000
Rates: approx 6.5-7%

Spain
Mortgages are available for house purchase or refinance in Mainland Spain, the Canaries and Balearics.
Brief Lending Criteria

17 Lenders available
Maximum 80% loan to value
Up to 40 year term (up to age 80)
Repayment or Interest Only
Minimum Loan - 50,000 euros
Rates: approx 3.5% to 4.56%
Self Certification available up to 60%

Italy
Mortgages are available for house purchase or refinance.
Brief Lending Criteria

Maximum 80% loan to value
Up to 30 year term (to age 75)
Repayment Only
Minimum Loan - €50,000
Rates: approx 4.25% - 4.75%

Portugal
Mortgages are available for house purchase or refinance.
Brief Lending Criteria

Maximum 80% loan to value
80% leasing product
Up to 20 year term (to age 75)
Repayment Only
Minimum Loan - 50,000 euros
Rates: approx 4.25% - 4.75%

Cyprus (south)
Mortgages are available for house purchase or refinance.
Brief Lending Criteria

Maximum 70% loan to value
Up to 25 year term (to age 65)
Repayment Only
Minimum Loan - 30,000 Cypriot Pounds
Rates: approx 6.75% (this is not a deferred rate

Greece
Mortgages are available for house purchase or refinance.
Brief Lending Criteria

Maximum 75% loan to value
Up to 25 year term (to age 75)
Repayment Only
Minimum Loan - 50,000 euros
Rates: approx 4.75%

France
Mortgages are available for house purchase or refinance.
Brief Lending Criteria

Maximum 85% loan to value
Up to 20 year term to age 75
Repayment and Interest Only
Minimum Loan - 50,000 euros
Rates: approx 3.95% - 4.75%

USA
Mortgages are available for house purchase or refinance.
Brief Lending Criteria

Maximum 80% Loan to Value
Up to 30 year term to age 70
Repayment (interest Only to 75%)
Minimum Loan - $75,000
Rates: 6.98%

Hungary
Mortgages are available for house purchase or refinance.
Brief Lending Criteria

Maximum 70% loan to value
Minimum Loan 50,000 euros
Up to 55 year term up to age 68
Repayment Only
Rates: approx 5.99%

USA (Florida)
Mortgages are available for house purchase or refinance.
Brief Lending Criteria

Maximum 80% loan to value
Maximum 75% self cert
Fast Track up to 75%, Available in Dollars or Sterling
Up to 25 year term to age 75
Repayment and Interest Only
Minimum Loan - $75,000
Rates: 5.69%

United Arab Emirates (Dubai)
Mortgages are available for house purchase or refinance.
Brief Lending Criteria

Maximum 75% loan to value
Up to 25 year term to age 70
Repayment and Interest Only
Minimum Loan - £75,000
Rates: approx 6.5% - 6.75%

Caribbean
Mortgages are available for house purchase or refinance.
Brief Lending Criteria

Maximum 70% Loan to Value
Up to 20 year term to age 65
Repayment Only
Minimum Loan - $250,000
Rates: approx 8.17%

New Zealand
Mortgages are available for house purchase or refinance.
Brief Lending Criteria

Maximum 80% Loan to Value
Up to 30 year term (to age 70)
Repayment - Interest only to 75%
Minimum Loan - $75,000
Rates: approx 8.8%

Australia
Mortgages are available for house purchase or refinance.
Brief Lending Criteria

Maximum 80% Loan to Value
Up to 30 year term to age 70
Repayment Only - Interest Only to 75%
Minimum Loan - £40,000
Rates: approx 7.36%

Hong Kong
Mortgages are available for house purchase or refinance.
Brief Lending Criteria

Maximum 70% Loan to Value
Up to 30 year term to age 70
Repayment Only
Minimum Loan - $100,000
Rates: approx 4.9% - 6%

Canada
Mortgages are available for house purchase or refinance.
Brief Lending Criteria

Maximum 60% loan to value
Up to 20 year term to age 65
Repayment and Interest Only
Minimum Loan - $75,000
Rates: approx 6.5%

Singapore
Mortgages are available for house purchase or refinance.
Brief Lending Criteria

Maximum 70% Loan to Value
Up to 30 year term to age 70
Repayment Only
Minimum Loan - $75,000
Rates: approx 4.5% - 5.8%

Complete our Mortgage Enquiry form here to request advice from one of our Financial Advisers

All of the above information is provided as a guide and is based on criteria available at the time of writing, please contact us or use the enquiry form to obtain further details.