Two new mortgage products for properties on the Costa del Sol in Spain have been launched by Leeds & Holbeck Building Society.
The new two-year fixed rate mortgage and three-year base rate tracker deal are available to all EU nationals permanently residing in Spain, Gibraltar or the UK and expatriates from the UK living in Gibraltar or Spain.
The benefits of the two-year fixed rate deal include a rate of 5.59 per cent until August 1st 2007, no higher lending charge, a tapered early repayment charge and a completion fee of just £199.
The three-year tracker mortgage has no higher lending charge or completion fee and also offers cash back of one per cent up to a maximum of £1,000 as well as a tapered early repayment charge. It tracks the Bank of England base rate plus 0.90 per cent until August 1st 2008.
"The range has something for everyone and will suit UK residents or expats who are thinking of moving or wanting a second home on the Costa del Sol," said Sally Butcher, Gibraltar operations manager for Leeds & Holbeck.Click here for the best advice about overseas mortgages.
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