Mortgages and Property

Monaco

Monaco Mortgages - rates from approx 3.45% in Euros

Includes Monaco residential property.

Monaco Mortgages are available for the majority of Nationalities for either House Purchase or re-financing for other purposes including Home Improvements.

Types of Monaco Mortgage: Repayment & Interest only

Minimum: € 50,000, No Maximum, available up 85% 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: 7 to 25 years up to age 80

Currency: Euros only

Current Interest rate in Euros: from 3.45% Variable in the first year OR higher Fixed Rates throughout the mortgage term.

Example Monaco Mortgage in Euros: Repayment mortgage of approx €200,000 over a period of 25 years at an interest rate of 3.45% in the first three months and then 1.00% above EURIBOR thereafter = approx €1,006.00 per month Capital & Interest for the first three months and then approx €1,108.00 per month Capital & Interest thereafter. Total approximate payment over the term of €334,974.00 including capital, interest, arrangement and survey fees.