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Best Leaseback Mortgage Options

print page3 options to choose from for your leaseback mortgage.
 

Option 1 - For selected resorts – 99% of price if developer is paying vat. Interest only over 20 years, 2.95% variable, or fixed for 5 years at 5.35%.

Option 2 - For selected resorts - 94% mortgage for a leaseback on which VAT is payable by the developer, capped and fixed rates available up to 25 years. Low margins.

Option 3 - 100% repayment loan either where the developer advances the vat or 100% of the net of vat price.

Option 1 - For selected resorts - 99% of price if developer is paying vat. Interest only over 20 years, 2.95% variable, or fixed for 5 years at 5.35%

  • Interest only 2.95% for 3 months then variable at 2.45% + 3 month Euribor.
  • OR, fixed for 2 years at 4.35%, for 5 years at 5.35% or for 10 years at 5.95%.
  • 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 2 - For selected resorts - 94% mortgage for a leaseback on which VAT is payable by the developer, capped and fixed rates available up to 25 years. Low margins.

  • Interest only 3.75% variable for 10 years, then repayment over 20 years.
  • Interest only, can be capitalised, for up to 2 years during construction.
  • No early repayment on variable capped rate after 5 years.
  • No early repayment after 10 years on fixed rate loans.
  • Bank set-up fee €1-€2,000.

>>>APPLY

Option 3 – 100% repayment loan either where the developer advances the vat or 100% of the net of vat price.

  • First two years fixed between 4.3% and 4.65% depending on loan amount, then variable at 3.78% current rates, capped throughout at 5.3% - 5.65%
  • 25 years repayments available.
  • No early repayment penalty whatsoever.
  • No requirement to use the VAT refund or to reduce the loan.

>>>APPLY

*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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