Latest transaction: €250,000 mortgage for a property in Chatel

Posted on 11 Dec 2023 in Transactions
Latest transaction: €250,000 mortgage for a property in Chatel
  • Buying in: Chatel
  • Property price: 371,500 €
  • Loan amount: 250,000 €
  • Mortgage type: Repayment *
  • Interest rate: 5.25% *
  • LTV: 67%
  • Term: 25 years

The background

Our client is British but living and working in Azerbaijan, a country that is generally not in the lending scope of our lending partners. 

Our Approach

We played on the fact that the employment contract was actually from the UK and that the client was actually sent to Azerbaijan by the company he was working for.

We managed to secure the same terms and conditions that a UK resident (living and working in the UK) could get. 

No life insurance (mortgage cover) required on this 25-year repayment mortgage with a fixed rate of 5.25%.

It is always worth checking even if your situation seems complex. You never know…

* The rate / the product may differ to what is currently offered since this mortgage has been agreed.

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