Best Leaseback Mortgage Options

6 options to choose from for your leaseback mortgage.
 

Option 1 - For all resorts - 90% Mortgage for a leaseback on which VAT is payable, capped and fixed rates available up to 25 years. Low margins.

Option 2 - For selected resorts - 80% of vat price plus notary fees so 99% of price if developer is paying vat.  Interest only over 20 years fixed for 5 years at 5.6%

Option 3 - Interest only for all resorts 80% of VAT inclusive price - where VAT is paid by the developer this means up to 95%

Option 4 - For selected resorts 70% of VAT inclusive price at low margins up to 25 years, but you must use the recovered VAT to reduce the loan

Option 1 - For all resorts – 90% mortgage for a leaseback on which VAT is payable, capped and fixed rates available up to 25 years.

• Current variable rate 5,36% year one then 12 euridor + 1%, capped for 20 years at 6,36% For 25 years rates are 5,41% capped at 6,41%
• Fixed rates 15 yrs 5.29%, 20 years 5.39%, 25 years 5.45%
• Interest only for up to 2 years during construction
• No early repayment at all on variable capped rate
• No early repayment after 10 years on fixed rate loans
• No bank set-up fee.

>>>APPLY

Option 2 - For selected resorts 80% of vat price plus notary fees so 99% of price if developer is paying vat. Interest only over 20 years.

• Current rates 5,45% fixed for 2 years, 5,6% for 5 years or 5,7% fixed for 10 years
• No early repayment penalty once the fixed period is over
• Set up fee 1% capped at 1,500 euros
• You must have net assets equal to 150% of the loan amount (120% if loan is over €300,000)

>>>APPLY

Option 3 – Interest only for all resorts 80% of vat inclusive price – where vat is paid by the developer this means up to 95%.

• 80% of price including VAT.
• Ten years interest only 5,1% for six months then variable at a margin of 1,6% above six months euribor capped at 6,6% or 6 months at 5% then margin of 1,5% capped at 7%
• Fifteen years interest only 5,2% for six months then variable 1,7% over six months euribor capped at 6,7%
• Early repayment penalty 3% but vat refunded may be paid off without penalty in first three years. No penalty after 9 years.

>>>APPLY

Option 4 – 70% of VAT inclusive price, selected resorts (homeowners only) - low margins.

• 70% of price including VAT, 4.6% fixed for three years then 1.4% above three months euribor.
• Set up fee 1% up to €950
• Early repayment penalty is 2.2% of amount pre-paid. No penalty after 5 years.
• 100% of VAT to be repaid to bank upon receipt from government. At this point your income is more or less equal to your monthly loan payment.
• For homeowners buying in resorts approved in advance by the lender only.

>>>APPLY

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*Euribor = Euro Interbank Offered Rate (this is the "base rate" for the Euro); the rate at which euro interbank term deposits within the euro zone are offered by one prime bank to another prime bank.

NOTE: Your home is at risk if you do not keep up the repayment on a mortgage loan or other loan secured on it. The sterling equivalent of your liability under a foreign currency mortgage may be increased by exchange rate movements.

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