You would like to buy a countryhouse , cottage, villa or apartment in Tarifa ,old town , beach or countryside , to enjoy your property and the beauty of the area of Gibraltar and why not? take advantage of the strong demand for holiday rental ?
Non-resident mortgages finance the purchase of a property for customers that are not tax residents in Spain . They can be foreigners or spaniards who live in another country .
These mortgage loans have similar conditions to the mortgages offered for residents , but generally the interest rates are higher and the percentage of housing finance is lower .
Some companies offer
No restrictions on the purchase price or nationality
- Up to 70% loan to value
- Interest rate fixed first year 4.85%
- 2nd year variable rate from 3.3 % above 12 month Euribor
- minimum floor rate 4.5%
- 0.50% early repayment full and partial first 5 years/ 0.25% subsequent years
- Building insurance, Bank account and life cover compulsory .
Beautiful initiative , photos and texts. It was something missing in the tourist promotion of Tarifa.
Don't forget Facinas,Tahivilla, La Luz, Puertollano etc,etc, There is much around with lots of interesting things for visitors.
Best wishes.