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Philip Cottrell Properties Spain, Marbella, Riviera del Sol , Malaga, Sotogrande


(Notas de Prensa) 100 Mortgages available on Properties in Spain

REF Riviera Del Sol

Vistas Atalayas.

No money down, interest only payments for the first four years
No Money down deal on the Costa Del Sol, Spain
100% Mortgages offered*, all closing costs paid**
Choice of 2 & 3 Bedroom apartments.
Prices; €130k-€160k 40% price reductions
Occupancy license issued move in tomorrow
Location; Riviera Del Sol/Calahonda

*Subject to status
Costs include; All Notary fees, taxes 18%, Agents fees, Mortgage arrangement costs.
Vistas Atalayas; This fantastic opportunity consists of 54 brand new two and three apartments with private
parking and large private sun terraces with excellent views to the Mediterranean Sea situated in the coastal
town of Riviera Del Sol on a small urbanization with two pools and a paddle court.

Location; The apartments are very well situated to give access to all the main holiday destinations on the Costa
Del Sol with driving distances of about 30 minute drive to the East of Malaga Airport, Fifteen minute drive to
east of Fuengirola and a Fifteen minute drive to the West of Marbella.

Interest rate; 4% FIXED for the first four years, *1.5%
VARIABLE over bank base rate for the remaining twenty
year term interest only for the first four years and
capital and interest for the subsequent 20 years.

Example repayments on a mortgage of €150,000;
Fees; €1,000 refundable if not accepted by the Mortgage lender
Monthly repayments, interest only for the first four years; €500-00, (€6,000-00 PA)
*Monthly repayments capital & interest from year five calculated at 4% per annum; €909-00
* Interest rate will be set at 1.5% above bank base rate for the capital and interest term.
NOTE; All Notary fees, taxes 18%, Agents fees, Mortgage arrangement costs are included it is the buyers
choice to provide their own solicitor, in this instance they will be responsible for these costs .

The apartments;
A selection of 54 new 2 3 bedroom apartments all with two bathrooms, private parking, terraces all with SEA
VIEWS, choice of fully fitted kitchens.

Key features
ï‚-Asking price €130,000 to €160,000/£114,400 to £140,800.
ï‚-100% financed no money down subject to status.
ï‚-Brand new with all licenses in place, 40% below 2007 prices.
ï‚-Choice of fully fitted kitchens provided
ï‚-20 min drive Marbella, Puerto Banus, Fuengirola,
ï‚-30 min drive Malaga airport, 1hr to Gibraltar.
ï‚-3 min drive to Beach & all local amenities.
ï‚-Two pools and paddle
Please note that with the ever changing exchange rates we have used £1.00=€1.14 for guidance only, as all
property prices are set in EUROS.

Buying Procedures summarized;
ï‚-After expressing a wish to proceed with a purchase of one of the apartments a purchase agreement is
sent with a mortgage application form
ï‚-The client returns the completed purchase agreement with the €1,000 FEE to the banks escrow
account, co-ordinates supplied in the purchase agreement.
ï‚-The client returns the completed mortgage application form with the with the financial details
requested.
ï‚-Upon the lending bank providing a mortgage offer the €1,000 FEE becomes nonrefundable.
ï‚-The client makes travel arrangements to come and view the apartments, we advise hiring a car for the
stay we can help with a choice of Hotels and for flights we recommend www.skyscanner.net
ï‚-The client is met by one of our representatives and taken to view the apartments and make their choice
of which apartment they wish to purchase THE CHOICE OF APARTMENTS ARE STRICTLY ON A FIRST
COME FIRST SERVED BASIS.
ï‚-Once the client makes the choice they will be taken to the bank to be introduced and open an account
and arrangements will be made for a meeting at the notary to conclude the purchase, we would hope
to arrange this within the time frame of the visit but if this is not possible a return visit will have to be
arranged.
ï‚-If the clients mortgage application is rejected the €1,000 FEE will be returned less bank transfer fees
ï‚-If the client does not wish to purchase an apartment after a mortgage offer is provided or after
inspecting the apartments the €1,000 FEE will not be refunded and it is the client‘s responsibility for all
their costs and expenses incurred.

contact dave@property-invest.es

Website: http://www.property-invest.es




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