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Buy a house, get one year's mortgage free

Buy a house, get one year's mortgage free

Old Sep 24th 2010, 1:42 pm
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Default Buy a house, get one year's mortgage free

(link in Spanish)

http://www.abc.es/20100924/economia/...009240805.html
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Old Sep 24th 2010, 3:25 pm
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Default Re: Buy a house, get one year's mortgage free

Yeah the price is added into the purchase price, they are all overvalued.
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Old Sep 24th 2010, 3:28 pm
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Default Re: Buy a house, get one year's mortgage free

I thought a BOGOF offer might be better with todays climate
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Old Sep 24th 2010, 3:32 pm
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Default Re: Buy a house, get one year's mortgage free

Originally Posted by JLFS View Post
I thought a BOGOF offer might be better with todays climate
Well yes, but then it's too obvious the price is 50% too expensive. The year's mortgage paid is very clever as there are no end of things to fork out for when you buy a house, so the prospect of living 1 year free can obviously appeal. And if you're planning to keep the house for 20+ years you won't care if the price will stay low for 2 or 3 years.
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Old Sep 24th 2010, 3:53 pm
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Default Re: Buy a house, get one year's mortgage free

The spanish are a canny lot, they don't fall for it. Even 100% mortgages over 50 years couldn't tempt them either.
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Old Sep 24th 2010, 3:54 pm
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Default Re: Buy a house, get one year's mortgage free

If you’re over here with just a suitcase, it’s a fabulous deal Providing they can’t find you when you return home in a year’s time.
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Old Sep 24th 2010, 3:56 pm
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Default Re: Buy a house, get one year's mortgage free

Originally Posted by HBG View Post
If you’re over here with just a suitcase, it’s a fabulous deal Providing they can’t find you when you return home in a year’s time.
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