
Your purchase can be financed in several ways:
- By paying cash for the whole amount
- By a combination of part cash and part finance
- Financing the total amount by releasing equity from property already owned by you. This is usually called a remortgage and can be arranged by our business partner International Mortgage Brokers.
Typical examples of borrowing (per £10,000 x 15 years):
- Secured mortgage - £29.58 per month, interest only, @ 4.0% APR
- Secured mortgage - £72.81 per month, Capital & Interest, @ 4.0% APR
- Unsecured Loan - £125.87 monthly repayment with an unsecured personal loan @ 12.9% APR
Finance costing's may vary depending upon individual circumstances. The above costing's are examples only and do not constitute an offer of finance at these specific interest rates.
Please note that legal and arrangement fees may be payable on any of the above options.
Your home may be at risk if you fail to keep up repayments on any loan or mortgage secured on it.
Call us now on 01225 701846 to find out whether fractional ownership is the key to your holiday home.
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