Mr and Mrs H. – Non-Residents

Description : Mr and Mrs H. were 64 and 59, retired, and were living in the UK with three properties rented out.
Challenge : they found a villa of 500.000 € in the Eastern Algarve and needed around 250.000 € in mortgage. Their income consisted mainly of pensions, dividends and rents. They also wanted the monthly payment to be fixed to give them as much security as possible.
Our solution : we found a bank that would accept most of their income and propose a 250.000 € mortgage with a fixed rate for 15 years.