Our client was purchasing a holiday home in Spain and was keen for a quick turnaround. At IPF we work closely with the client so that they are aware of the paperwork they need to provide and our consultants always carry out a detailed review of the file prior to submission to the bank. This enables a fast turnaround as our experienced team know exactly how the lenders we work with want the files to be presented.
In this instance our client’s mortgage offer was issued within 4 weeks of submitting his file to the bank and he completed within 8 weeks. Borrowing €980,000 over 20 years with a 10 year fixed rate of 2.29% for 10 years and a variable rate of Euribor + 0.89% for the remaining 10 years.