Hi Mr. & Mrs. Nott,
We are arranging the sales of the apartments in Xabiamar (Javea). As you know, we have started to arrange the mortgages for all the clients who want to take our mortgages.
CAM knows that the apartments do not yet have the CEDULA DE HABITABILIDAD, the special permission from the town hall. The reason for not having this permission is because the town hall is taking time, because we are in August and because the builder must change some things in the building (like entrances, plots, but nothing relating to the apartments themselves). This is a very usual process in all the new houses / apartments in Javea.
CAM has financed the building of these apartments and we have also controlled the process of the building. We have controlled the quality of the building, the 10 year insurance, which guarantees the quality of building process. We do not have any problem in going ahead with signing the different mortgages for all the clients. If there was a problem, WE WOULD NEVER SIGN THE MORTGAGES.
I would like also to inform you about the actual mortgages and the advantages in cost for all the clients who take our mortgage.
The conditions of the mortgage in CAM are :
Bank commission : 0,50% of the amount to borrow.
Interest rate : EURIBOR+ 0,9% (actually is currently around 4,50%)
Period of time : 20 years (it is possible to change the period)
About the fees and charges of the operation, I am going to compare between our mortgage and other banks:
FEES CAM MORTGAGE (150,000 EUROS )
NOTARY, LAND REGISTRY AND TAXES FOR THE MORTGAGE: 1,466 EUROS PURCHASE TAXES : 1,500 EUROS (1% of the amount) NO VALUATION FEES
FEES OTHER MORTGAGES other banks (150,000 EUROS):
NOTARY, LAND REGISTRY AND TAXES FOR THE MORTGAGE : 4,928 EUROS PURCHASE TAXES: 1,500 EUROS (1%) VALUATION (depending the cost of each bank) CANCEL THE ACTUAL MORTGAGE : 1,000 EUROS (NOTARY, LAND REGISTRY) Also, it is necesary to include the bank opening comission of each bank.
Here you can check the advantages in taking over the actual constructor’s mortgage with CAM, compared to changing to a different bank.
Please let me know if you have any questions or if you need more information.
Joan Roselló Bas Caja de Ahorros del Mediterráneo Dtor Oficina Internacional Xàbia II Tel.965794414- Fax 966462956 firstname.lastname@example.org