TOUCH BLUE

MORTGAGES

The financing of a property is an important factor which should be considered before making purchase decision. Quality Group has come to agreement with local banks favorable terms and conditions and also a standardized mortgage application process to avoid unnecessary paperwork and to obtain approval within 10 working days provided that mortgage application form and supporting documentation are complete.

TERMS AND CONDITIONS

Loan Amount Coverage: Up to 70% of purchase price. (subject to property valuation)

Maximum Duration: Up to 35 years or until the clients 70th birthday

Currency: Major International Currencies

Interest Rate:
Euro Loans: - Banks base rate (currently 5% to 5.25%) plus margin of 3.25%.
Foreign Currency Loans: - 6 months LIBOR plus margin of 3.25%.

Redemption Fees: 6 months interest for full or part early redemption of the loan.

Repayments: For off-plan properties, interest only is payable during construction. From delivery of the property, or for properties that are complete, normal repayments will then apply.

Fees:
0,5% of loan amount one off.
1.2% Land registration fee.

Bank Guarantee Fee:
0,25% of loan amount one off