Are you a non-resident looking for a mortgage in Andorra? We can help!

We can assist you in arranging your Non-resident mortgage in Andorra. Andorra is the sixteenth smallest country in the world and is located in the Pyrenees between France and Spain. Benefiting from the same tax benefits as Monaco, property is in demand from both those lookimg to become residents and those looking for investment only purchases. To obtain an Andorran mortgage you will need, as a minimum requirement, proof of income when you make your application. The following will be required: Employed? Copies of your last six months' payslips and copies of your most recent P60s plus copies of your last 6 months' personal bank statements Self-Employed? Copies of your last three years' audited accounts and copies of your last 6 months personal bank statements and your last 12 months' business account statements The lending will be based on your ability to pay and takes no account of any rental income from the property. All your existing liabilities (incl. mortgage/rent payments, loan repayments, maintenance (i.e. divorce payments) PLUS the payments for your Andorran mortgage must not exceed 40% of your net monthly income. Your 'monthly income' can be made up of earned income, pension, rental or investment income. It is worth noting that not all lenders will take these incomes into account. Currently non-status loans are not available. * Max age 70 * Max 70% LTV * Min loan €30,000 * Repayment & Interest only * Term 5 - 30 years * Euros only * Current Variable Interest Rate: from approx 1.25% above EURIBOR * Rates from approx 5.25% Example: Euro Andorran mortgage: a repayment mortgage of approximately €100,000 over a 25 year period at approx. 5.25% = approx. €599 capital and interest per month. Approx. amount payable over the term of €179,700 excluding other fees. Before you enter into any property purchase you should consider the following things:- Appoint a good lawyer who can carry you through the process till completion Only buy what you can afford. Do not overlook Foreign Currency Fluctuations and all closing costs. Make sure you have a good Idea of what mortgage you will be able to secure prior to entering into any contract to buy Remember that when taking out an overseas mortgage you will have to declare full details and your assessment will be made on the affordability to pay and not income alone Apply Here: We use Conti Financial to help arrange your mortgage. Please complete their enquiry form and supply as much information as possible to help them to find you your ideal mortgage in Andorra or any other country. Think carefully before securing other debts against your home. Your home or foreign property may be repossessed if you do not keep up repayments on your mortgage.