Mortgages and Property

Andorra

Andorran Mortgages for purchasing a property in Andorra - rates from approx 5.05% in Euros

Includes Andorran Residential Property only

If you are considering purchasing a property in Andorra, Andorran Mortgages are available for the majority of Nationalities for either House Purchase or re-financing for Home Improvements and other purposes on a case-by-case basis.

Types of Andorran Mortgage: Repayment and Interest only.

Minimum: €30,000 loan amount - No Maximum, but must not exceed 70% of valuation or purchase price (whichever is the lower).

Proof of Income: required in all cases (can be made up of Earned Income, Pension, Investment or Rental Income. Please note however, it is not always the case that the Lender will take all or part of these Incomes into account when determining the maximum loan available). Non-Status loans are currently not available.

Term: 5 to 30 years up to age 70
Currency: Euros only

Current Variable Interest Rate: from approx 1.25% above EURIBOR on a Variable Rate basis.

Example for Euro Andorran Mortgage: Repayment mortgage of approx €70,000 over a period of 25 years at an interest rate of approx. 5.05% = approx €416.50 capital and interest per month = a total approximate amount payable over the term of £127,830 including capital, interest, arrangement and survey fees.

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