Homes for Sale in Costa Calida Murcia

Tips to get the best mortgage to purcharse your home in Costa Calida

Are you one of the growing number of people planning on buying a holiday home in Costa Calida or are planning on moving here permanently? If you are one of them, then you may be about to begin your hunt for a mortgage for your new home in Costa Calida.

Finding a mortgage in the UK can be hard enough but when it comes to finding one in other country can be very daunting with so many domestic and overseas providers all vying for your business, the thing to remember is, they need your business as much as you need the mortgage so like you would with a mortgage for a house in the UK look around for the best deals. Time spent now will hopefully save you time and money later over the lifetime of your mortgage.

You can begin your search for the best deals on line which should make the whole process more convenient and efficient. Below we have listed what seem to be the 5 main ways of raising finance.

Complete Spanish Property brings you in this article the 5 basic types of arrangement available for your mortgage:

International mortgages.

Depending on the country you are resident in and which country you want to buy in some domestic lenders will offer international mortgages to enable you to buy overseas. Lloyds TSB in the UK offer resident Britons who own a home in the UK a scheme which is specifically for the purchase of property in Spain.

Local Spanish mortgages.

As Spain is largely geared to the foreign property buyer it's often possible to raise finance locally in Spain especially if you approach one of the larger international banks.

It is very important to make doubly sure you understand the local terms and conditions of the loan and the repayment methods as well as checking and comparing the interest rates that are available to you with those from a supplier back in the UK.

Some people have been caught out with what seemed good deals on low start mortgages only to find out that after some many month the monthly repayment suddenly doubles, which is common with Spanish low start mortgages.

Expatriate mortgages.

If you are already living in Spain and want to buy in Spain or are thinking of buying a house back in the UK for whatever reason, it can be very tricky securing a mortgage.

If you had a strong credit history before you expatriated and you are now in receipt of income to support your mortgage application there are a number of lenders who are interested in attracting this kind of business though. Some of the major high street lenders will change you a premium for the ease of application and the service they offer so it's worth shopping around on the internet for the best deals.

Usually you should be able to borrow up to 85% of the property's value and when it comes to proof of income this can be made up of earned, pension, investment and rental income.

Equity release and second mortgage.

This is of course the simplest and most popular method being used currently for the purchase of holiday homes overseas by many buyers. In the UK especially, where, many people have built up substantial equity in their homes and are now releasing this 'extra money' to purchase property in Spain.

If you consider this method you must accept that the additional sum you add to your mortgage will incur interest, it will have to be repaid over the term or at the end of the term of your mortgage and that the whole loan is secured on your main property.

Instalment Payments.

You might like to consider purchasing property off plan as this can give you the option to pay for the real estate via a series of instalments or stage payments that you can save up to fund during the build period.

After paying the securing deposit your instalment dates and amounts will be written into your purchase contract enabling you to budget accordingly. Clearly this method would particularly suit those with a high level of disposable income.

Once you have determined the most suitable method to suit your requirements and circumstances you can begin your search for a lender if applicable. Consider searching the internet, using forums, expatriate and international property sites, examining lenders sites and you can also listen to personal recommendations from friends, family and colleagues who have already undertaken property purchases in Spain.

Let Complete Spanish Property help you find homes for sale in Costa Calida.

The Spanish market-place can be very complex but with the knowledge and experience of the company as well as its associates it can provide a smooth buying process from initial enquiry through to its after-sales care. In Complete Spanish Property we firmly believe each client should be treated exactly like that, as an individual, so each enquiry will have its own personal touch and differing relationship with the company.

Our aim as a company is not only to sell property but to ensure the total buying process is smooth. We always make sure that we communicate clearly with customers at every stage of the process, as well as providing them with a high level of service after completion.

Found 7 Properties
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Ref: CSPC-67564

Apartment · Resale · Costa Calida · Los Alcazares

99.950€

Situated just a few minutes walk to the beach, this spacious south facing, 1st floor, 2 bedroom apartment is located close to the sought after town of Los Alcazares on the beautiful Mar Menor. Conveniently located for bars, restaurants, shops and local Saturday market. Includes underground parking and lock up storage Overlooking park area...

100m2 Built · 2 Bedrooms · 1 Bathrooms ·


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Ref: CSPC-11661

Apartment · Resale · Costa Calida · Los Alcazares · LOS ALCAZARES

115.000€

This deceptively large upper-floor property enjoys one of the best locations in Los Alcázares, just yards from the 525 hotel with its surrounding bars and restaurants, yet also just a quick stroll from the sea. Comprising a living/dining area, kitchen and utility room plus 2 double bedrooms and a bathroom on the lower level and a...

75m2 Built · 3 Bedrooms · 2 Bathrooms · Pool


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Ref: CSPH-17536

Apartment · Resale · Costa Calida · Los Alcazares

118.000€

Reduced from €138,000 to €118,000 This lovely three double bedroom, one Bathroom first floor apartment is very close to Los Narejos Beach and walkable to all amenities. Los Alcazares is a couple of minutes in the car and Murcia airport around fifteen minutes. There is ample space for off road parking for cars / motorhome and the property is...

64m2 Built · 166m2 Plot · 3 Bedrooms · 1 Bathrooms ·


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Ref: CSPC-68356

Apartment · Resale · Costa Calida · Los Alcazares

124.950€

A 2 bedroom apartment on the 1st floor located in the heart of the pretty holiday area of Los Narajos and being just 2 minutes walk down to the beautiful beaches of the Mar Menor and central to restaurants and amenities.  Ideal location for those wanting everything on their doorstep. Lovely communal pool Golf courses just 5 minutes...

2 Bedrooms · 1 Bathrooms · Pool


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Ref: CSPC-28844

Apartment · Resale · Costa Calida · Los Alcazares

130.000€

Located just a short walk from the lovely town square with its many bars and restaurants and the beach front promenade of Los Alcazares, this 2 bedroom penthouse apartment is situated on the sought after complex of Puerto Marina.   A must view property. 3 x communal swimming pools Lovely sunsets from the balcony Private roof solarium...

2 Bedrooms · 1 Bathrooms · Pool


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Ref: CSPC-64008

Apartment · Resale · Costa Calida · Los Alcazares

139.950€

Located on the beautiful shores of the Mar Menor with the windsurfing and kite school just outside the gates to the complex and within walking distance to local shops & market this lovely duplex apartment must be viewed to appreciate. Beautiful swimming pool overlooking the sea Underground parking space with storage Terraces from 2...

3 Bedrooms · 2 Bathrooms · Pool


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Ref: CSP02337

Apartment · Resale · Costa Calida · Los Alcazares

187.500€ 175.000€

Superbly presented south facing, three bedroom, two bathroom apartment overlooking one of three communal swimming pools within a gated community in Los Alcazares. This very well finished apartment is situated on the first floor in the Puerto Marina development and has 110m2 of living space which is divided into three bedrooms,...

110m2 Built · 3 Bedrooms · 2 Bathrooms · Pool


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