Cape Verde Mortgages

 

There are two ways of financing a property purchase in Cape Verde; from funds raised in the UK or with a mortgage from a local lender. Assetz Finance can help with both - please visit our UK mortgage pages for more information on loans and mortgages available in the UK. For details on the mortgage products available through Assetz Finance in Cape Verde please see below.

 

Standard mortgage available in Cape Verde	Mortgages available through Assetz Finance on property bought through any agent	Mortgages available through Assetz Finance on property bought through Assetz International
70-75% LTV*	85% LTV*	85% LTV*
4% above Euribor	2.75% above Euribor	2.5% above Euribor
1% arrangement fee	0.5% arrangement fee	No arrangement fee
Valuation and processing fees	No valuation or processing fees	No valuation or processing fees
Early repayment penalties of 2%	No early repayment penalties**	No early repayment penalties**
Interest-only only during the construction of the property	Interest only for up to 5 years	Interest only for up to 5 years
20-25 year term maximum	30 year term maximum	30 year term maximum
FULL STATUS mortgage	FULL STATUS mortgage	FULL STATUS mortgage
Stage payment finance not available	Stage payments financed in most cases	Stage payments financed in most cases
Valuations carried out by local surveyors that give the valuation price of a property as slightly higher than its reconstruction price. This gives a final mortgage amount of approximately 50% of the purchase price.	Valuations carried out by Portuguese experts that value property using its true re-sale value. This gives a final mortgage amount of approximately 85% of the purchase price.	Valuations carried out by Portuguese experts that value property using its true re-sale value. This gives a mortgage amount of approximately 85% of the purchase price.

All mortgage packages are subject to status.

To find out if you fit the criteria for one of the Assetz Finance mortgage products please both:

1. down load our pre-approval form here, complete and email to capeverdemortgages@assetz.co.uk
2. check that you are able to provide the required documentation for a Cape Verde mortgage by clicking here.

All of the Assetz Finance Cape Verde mortgage products are FULL STATUS mortgages. This means that all applicants MUST be able to provide ALL of the documentation outlined here.

All of the Assetz Finance mortgage packages arranged on purchases via another agent will incur an up-front, non-refundable broker fee. Mortgages arranged on purchases via Assetz International will incur a reduced up-front, non-refundable broker fee.

* LTV = Loan To Value (amount of mortgage as a percentage of the valuation price of the property as estimated by the lender)
** Subject to certain conditions.

CAPE VERDE MORTGAGES

Free expert advice

Free pre-qualification from our experienced consultants

Free mortgage calculator or your budget calculated by one of our consultants

Experienced finance consultants to act as your go between

Partners in every field of the overseas property industry to facilitate your purchase

Apply for a Cape Verde mortgage now.

To speak with a member of the Assetz Finance team please call 0845 400 8000

Calls to this number are charged at local rather than national rate so that if you are not based around Manchester you will not pay more. Calls will be charged at normal international rates if you are calling from abroad.