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Equity Re-Financing for Finished Sambala Properties |
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| Amount | Up to 60% of Purchase Price (increased % subject to status) |
| Rate | Variable - Euribor 6 months + 1.5% to 3.5% (currently from 6.55% to 8.75% - rate subject to status) |
| Term | 10 to 15 years (flexible subject to status) |
| Repayment | Interest and Capital Repayments (monthly repayment) |
| Bank Arrangement Fee | 1% of Mortgage Value |
| Early Redemption Penalty | 2% of Early Re-Paid Amount |
| Funding Draw Down | In accordance with the buyer's requirement. |
| Deposit Payment | Not Applicable |
| Collateral | First charge over the property and insurance in favour of the Lender (other security or collateral maybe required for improved interest rates and loan to value percentages - subject to status) |
| Supporting Documentation Required | Copy of Promissory Contract, Proof of Deposit Payment, Bank References, Proof of Income, Proof of Address and open account at BCA |
For Further information, or to register your interest please contact Joaquim Alves at Sambala Investimentos on 00238 264 8000, or email - joaquim.alves@sambalainvestimentos.com
