Well the good news is that Ideal Homes Mortgages is ready to assist you with the process of applying for your mortgage to buy the land and build your dream home.
Some important information to remember is:
The full process will be explained in detail when you contact us.
For more information regarding interest rates, terms, lending criteria and documentation required please contact us at Ideal Homes Mortgages.
Ideal Homes International has many options to purchase land so you can build your dream home.
This plot of land for sale in Alvor on at 308,000€ is one of the many land choices you have on our website.
To give you an idea on the costs involved in purchasing this land and then building on it we have a simulation below.
30 Years | 40 Years |
Land simulation Purchase price: 308,000€ Deposit: 123,200€ (40%) Finance: 184,800 (60%) Interest Rate: 0.873% Period / Duration: 30 years / 360 months Monthly payments: 583,67€ |
Land simulation Purchase price: 308,000€ Deposit: 123,200€ (40%) Finance: 184,800 (60%) Interest Rate: 0.873% Period / Duration: 40 years / 480 months Monthly payments: 456,26€ |
Building Simulation Total cost: 300,000€ Deposit: 60,000€ (20%) Finance: 240,000 (80%) Interest Rate: 0,873% Period / Duration: 30 years / 360 months Monthly payments: €758,01€ |
Building Simulation Total cost: 300,000€ Deposit: 60,000€ (20%) Finance: 240,000 (80%) Interest Rate: 0,873% Period / Duration: 40 years / 480 months Monthly payments: 592,55€ |
Total Repayment per Month | Total Repayment per Month |
1,341.68€ | 1,048,81€ |
After completion your estimated resale price will be 1,175,000€ depending on the specs of the property.
Alvor is a popular seaside resort and fishing village in the Western Algarve. The cobbled lanes lead down to a paved riverfront, which is lined with bars and restaurants. The wetlands of the Alvor river estuary provide a habitat for resident and migratory birds and is a great spot to visit and enjoy.
Close to picturesque beaches, Alvor is a very popular holiday destination and great area to own a property in.
Ideal Home Mortgages has provided brokerage services since 2013 with a vision of providing service excellence, and ensuring clients requiring real estate financing are well informed and confident in their property purchases and investments in Portugal.
To book your FREE consultation with a registered mortgage broker, get in touch with the experts on info@idealhomesmortgages.com today to start the application process, or give them a call on +351 289 513 434.
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