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We can assist you in arranging your non-resident mortgage in Morocco.
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Morocco property is currently becoming one of the world's leading luxury emerging markets. It is popular for many reasons but one of the major considerations is the excellent price that luxury Moroccon property can be purchased for during this era of major development and construction.
Based on the valuation or purchase price of your property (whichever is lower), you could take a loan for up to 70% of its value for a maximum term of 15 years.
There are no non-status/ self-certification mortgage facilities available in Morocco, therefore all loans need to be supported by a minimum of, proof of income. If you are employed, you will need to produce, your last six months payslips, P60/employers reference and your last 6 months Personal bank statements. If you are self-employed you will need copies of your Audited Accounts together with you last 12 months business, and 6 months personal bank statements. |
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The Lenders in Morocco will not take into account any proposed rental income from the property that you wish to buy. Your loan will be based on your personal (or joint) ‘net' pay, and is calculated on an affordability basis.
Types of Mortgage: Repayment only
Minimum loan amount - N/A. Maximum TBA, but must not exceed 70% of valuation or purchase price (whichever is the lower)
Term: Maximum 15 years up to age 65
Currency: Dirhams Only
Current Variable Interest Rate: from approx 5.90%.
Example Mortgage in Dirhams: Repayment Mortgage of MAD100,000 over a period of 15 years at an approx Variable interest rate of 5.90% = approx MAD838.00 Capital & Interest per month = a total approximate amount payable over the term of MAD150,840 excluding other fees.
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* Max age 65
* Max 70% LTV
* Min loan n/a
* Rates from initially approx 5.90% variable in Euros
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* Maximum Term 15 years
* Currencies: Dirhams only
* Repayment only
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Apply Here: Please complete this enquiry form and supply as much information as possible to help us to find you your ideal mortgage in Morocco 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.
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