Q. How much mortgage can I have to buy a
property in Andorra ?
A. Based on the local property valuation or
purchase price, whichever is the lower, of the Andorran residential
property, UK or Non-UK applicants can borrow up to 70% for purchases and
re-mortgages for Home Improvements.
Maximum loan to value 70%
Minimum loan of €30,000, no maximum
The term of the loan is from 5 to 30
years
Loans available in Euros only
Repayment and interest only mortgages
available
Current interest rates as available from
approximately 5.30%
The income criteria
is variable
Bank Reference and
Employers or Accountants reference if self-employed
Existing borrowing
in the UK and Overseas will be taken into account
Typical example
Repayment mortgage of € 70,000 over a period of 25 years at an approx
interest rate of 5.30% = € 427.00 capital & interest per month = a total
approximate amount payable over a term of € 130,980 including capital,
interest, legal, arrangement and survey fees.
details
are subject to change, so you must check with your broker on the link above
before committing
