Congratulations on your decision to spend more time in Spain.
Banco Halifax is pleased to offer you the following options to finance
your purchase:
INTEREST ONLY, REPAYMENT & FIXED RATE MORTGAGES
Option A Interest Only period – initial
term of up to 15 years
Interest & Capital Repayment period - rest of the term up to 25 years
Option B Interest & Capital Repayment period - up to 40 years.
Option C Fixed rate period up to the five first years. Rest of
the term up to 35 year variable rate
Optional: initial Interest Only period
Total Term Maximum 40 years. Please note that the borrower must
not exceed the age of 80 before the loan
is fully repaid.
IO period 1 to 15 years
Maximum LTV Option A Up to 70% of valuation
Option B Up to 70% of valuation
Option C Rates on request
Interest Rate See LTV chart
LTV Chart
|
UP
TO 60% LTV |
UP TO
70% LTV |
|
Option
A: One Month Euribor + 1.10% |
Option
A: One Month Euribor + 1.25% |
|
Option
B: One Month Euribor + 1.00% |
Option
B: One Month Euribor + 1.10% |
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Option
C: Fixed rates for up to 5 years |
Option
C: Fixed rates for up to 5 years |
Fees Opening 1.00%
Early Redemption 0.00% (0.50% during the fixed rate period for Option C)
Costs to be paid by the customer: all taxes, notary fees,
registration fees and expenses associated with registering all deeds.
Total costs are normally between 10 and 12 % when all expenses and legal
fees are included.
Valuation fee (320 € up to 600.000 €)
Compulsory Home Insurance
For further information contact filling our form
below.
Note: This document is for information purposes only. It does not
contain any contractual clauses and does not bind Banco Halifax Hispania.
Banco Halifax Hispania, S.A., Unipersonal, whose principal office is at
Pº de la Castellana, 86 - 28046 Madrid (Spain), is a Spanish bank duly
incorporated in Spain. All deposits will be held with Banco Halifax
Hispania will be held in Spain and the accounts will be subject to
Spanish Law. Banco Halifax Hispania, S.A.U., is regulated as a deposit
taking entity by the Bank of Spain.
Banco Halifax Hispania subscribes to a dispute resolution procedure for
deposit taking schemes operated by the Bank of Spain who may be
contacted at Banco de España, Servicio Jurídico de Reclamaciones, C/
Alcalá, 48 – 28014 Madrid (Spain). Banco Halifax Hispania, S.A.U’s paid
up capital and reserves exceed £47 million. We may monitor and record
telephone calls to help us provide a high level of service. The
Financial Services Compensation Scheme under the UK Financial Services
and Markets Act 2000 does not apply to deposits held iin Spain. The
value of accounts held in Euros are affected by fluctuations in exchange
rates.
For mortgages, credit is provided by Banco Halifax Hispania, S.A.,
Unipersonal. Mortgage lending is subject to status and the value of the
Spanish property to be used as security for your loan. You must give us
a mortgage over property in Spain. All lending is subject to Spanish Law.
Applicants must be aged 18 or over. The loan secured against the Spanish
property is in Euros. Written quotations are available on request from
Banco Halifax Hispania, S.A.U., Pº de la Castellana, 86 – 28046 Madrid (Spain).
The information contained in this document is correct at date of
February 2007.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR
MORTGAGE.
FLUCTUATIONS IN THE EXCHANGE RATE MAY INCREASE THE STERLING EQUIVALENT
OF YOUR DEBT.
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Contact us/Email: 
