1.
Details
of money exchange
2 . Mortgages
Lakes Vega understands that the majority of property purchases are not straight forward, a lot of clients need help with the financing part of their new purchase in Spain. Whether is mortgage or re-mortgaging, exchange rates or currency companies, we are here to help.
1. Currency Exchange
At Lakes Vega we understand that the exchange rate is important.
We have various suggestions to help.
Currency companies
Currency companies are a good way of planning for the payments
due now and in the future. They work by allowing the customer to
book a rate that can be kept the same throughout the period of the
construction. A secure and easy way to plan out the purchase.
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2. Mortgages
To help with the purchase of your new home, Lakes Vega can assist
with mortgages.
Lakes Vega can approach any high street bank in Spain or in England
on your behalf and locate you the best deal. We will arrange for
valuations and make the process as easy as possible. Mortgages are
subject to status and in most cases you will need:
| 1. A form of income, enough to pay
the re-payments |
| 2. Proof of ID |
| 3. Normally an N.I.E. |
| 4. Most recent pay slips |
| 5. Your most recent P60 |
Mortgages in Spain are based on LTV which is loan to value, normally
if the amount you need is less than the amount you have paid, there
is no problem. However the maximum amount lent normally is 80% of
the value (It is possible in some cases to borrow more).
Lakes Vega can offer mortgages on every home.
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