My name's Alex and this is my website all about Camposol in Spain. Register now for free to talk about Banking and finances in Camposol and much more!
Low mortgage required
Posted: Thu Mar 10, 2022 11:37pm
Looking to secure a low mortgage around 40,000 but brokers/banks seemTo be uninterested due to low amount? Any recommendations or advice please?
Posted: Fri Mar 11, 2022 1:03pm
Helpful member
Couldn't you qualify to borrow a bigger amount initially - and then pay it off , they can't stop you doing that. Or ask for a personal loan using the property as security ? - Just a thought.
Posted: Fri Mar 11, 2022 4:58pm
Helpful member
Hola I have a mortgage with Sabadell for (I think €10,000) taken out four years ago (must be less now)
Is €40,000 a small mortgage also have you asked in England with Mortgage Brokers or has Britex stopped this ??
Apparently England don’t do this??
only Santander in Spain app
Advertisement - posts continue below
Christine 78 wrote on Fri Mar 11, 2022 1:03pm:
Couldn't you qualify to borrow a bigger amount initially - and then pay it off , they can't stop you doing that. Or ask for a personal loan using the property as security ? - Just a thought.
I can’t unfortunately as my borrowing power as I have a mortgage in the uk?
Christine 78 wrote on Fri Mar 11, 2022 1:03pm:
Couldn't you qualify to borrow a bigger amount initially - and then pay it off , they can't stop you doing that. Or ask for a personal loan using the property as security ? - Just a thought.
Depends on what kind of mortgage you have. We would have hefty penalties if we overpaid on ours.
emmagreen wrote on Thu Mar 10, 2022 11:37pm:
Looking to secure a low mortgage around 40,000 but brokers/banks seemTo be uninterested due to low amount? Any recommendations or advice please?
is it possible to get a loan in the UK from your bank or mortgage lender, secured loan rates are low at the moment and you can overpay if wanted
Posted: Sun May 29, 2022 10:49am
Helpful member
emmagreen wrote on Fri Mar 11, 2022 7:33pm:
Apparently England don’t do this??
only Santander in Spain app
perhaps look at remortgaging in the UK to get a good 5 year fix to borrow more and then you are a cash buyer in Spain which does make a hefty difference when wanting to buy and you then get teh benefit of the still low rates for longer?
Properties near Camposol
Our sponsors
Find more Banking and finances topics from a particular area:
Or view all Banking and finances topics in all of Costa Cálida.
Register for free!
Login to your account
Popular posts in Camposol
