View more on these topics

em offers semi-exclusive for Spanish mortgages

em-international is now offering a semi-exclusive product for UK residents purchasing property in Spain.

The product offers 80% of the new value and is based in the 12 month euribor index.

There is a loading of 1.25% with daily interest and no penalties for early repayment, with a repayment basis of up to 25 years depending on age.

There is a maximum purchase price of 500,000, though higher prices may be considered on case by case basis. The lender will charge a valuation fee and 1% fee on completion.

Roger Morris, managing director at em, says: “em-international is enjoying a busy time. With fantastic products and this semi-exclusive we are delighted that we can offer to our brokers new product ranges that will help them attract clients and in turn increase their revenue streams.

“The em-international property search facility is also proving to be a popular tool for brokers giving them and their clients access to many properties for sale across Spain.”

em- international is a sub brand of em- group and offers solutions to clients looking to purchase properties aboard.

em- is positioned as one of the leading packagers in the UK. It offers a comprehensive product portfolio covering the entire lending spectrum including: residential, commercial and international mortgages as well as secured and bridging loans.

Recommended

Portman panel cut slammed

Portman and The Mortgage Works have been criticised for reducing their surveying panel to just five firms. Jonathan Cornell, technical director of Hamptons International Mortgages, says by doing this they are disadvantaging everyone as well as reducing competition. Portman has decided to reduce the panel to Colleys, Wolton, Chancellors, e.surv and Countrywide/SPS. It has also […]

Oh dear, the economy is interesting again

The fact the monthly meetings of the Monetary Policy Committee are usually boring is a tribute to the system used to set interest rates since 1997. Many Conservatives envied Gordon Brown’s panache when, within days of Labour’s coming to office, he gave independence to the Bank of England to set the interest rates to meet […]

Dubai property report launched

The Dubai Property Report is set to be released this week for investors looking to purchase property in the region.The punlishers claim that the report is the only comprehensive and independent report available on the Dubai property market. It has been published with the support of IFA Hotels & Resorts, the largest investor in Dubais […]

MEX duo pass CeLM exam with flying colours

Mortgage Express’ Roger Hillier and Tim Sturley have passed their Certificate in Lifetime Mortgages with flying colours. The pair had to sit two papers. The first comprised 50 questions and this was followed by the case study paper, featuring three case studies with 10 questions each. Answers are multiple choice so the duo found their […]

Tackling the housing crisis will take more than money

The latest housebuilding figures from the Department for Communities & Local Government confirm the worst fears of many within the property industry. We are failing to address the housing shortage in any meaningful way. Let’s look at the number of housing ‘starts’, new housing projects where work has begun. In England, work has been started […]

Newsletter

News and expert analysis straight to your inbox

Sign up