24 October 2011
Posted in Homes and Away

In the UK at the annual Building Societies Association mortgage seminar, it is expected that a call for mortgages with a fixed rate for as long as 30 years will be called for, this would bring the UK in line with a some lenders in Spain who are already offering 25 year fixed rate mortgages. Currently there are no fixed rate mortgages being offered in the UK beyond the five year mark. Longer term mortgages are not right for everyone but it is believed that 30 year mortgages would be a move to a more stable housing market particularly for first time buyers and families with tight budgets, which would allow them the certainty of how much they will be paying in future years and without worrying about interest rates rising.

We have clients who currently have a long term fixed rate mortgage on their property in Golf del Sur or Amarilla Golf and the ones I have spoken to say that although the interest rate is higher their monthly outgoings are stable and they are able to plan for the future with a degree of certainty. Fixed rate mortgages would also help first time buyers to get a foothold on the ladder without the uncertainty of ever increasing interest rates in the future.

News From Our Golf del Sur Office

It has been another brisk week with a larger than normal number of clients visiting our Golf del Sur properties and some properties in Amarilla Golf with a view to purchasing. The inclement weather has helped no doubt with clients spending less time around the pool and more time searching for the holiday home of their dreams. Talking of weather, with the long range weather forecast predicting a tough winter ahead for the UK we can only expect even more prospective purchasers to arrive on our shores in the coming months.

Euro-Zone Financial News

I recently reported a news item about 2 French banks whom have had their ratings lowered and also the possibility or Greece withdrawing from the Euro. Well in an article that I read today a British businessman is offering £250,000 reward for any individual who can come up with a plan to safely dismantle the euro should it ever be needed. In the article it was stated that we need a fall-back plan that gives investors confidence that any catastrophe can be averted.

For any of you budding economists out there you have until 31st January 2012 to submit your proposals.

Golf del Sur Property Bargain

The 3 bed 2 bath detached Golf del Sur villa pictured above is situated in a private and quiet location and standing on 1200 square metres of land is a must to view. There is room to build a swimming pool and also a two or three car garage. This is in addition to the possibility of extending the existing building even further. The price of 495,000 euros makes this one to seriously consider as an investment or family home.

To View our Golf del Sur Property Bargain

If you would like to view this Golf del Sur property bargain or chat to us about any of our other properties in the Golf del Sur/Amarilla Golf area, or would like further information on anything else that we do at Homes and Away, then you are always welcome to drop into our office opposite the Banca March in Centro Commercial San Blas, Golf Del Sur. Alternatively, you can always contact us by phone on 922 73 70 44 or by email at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .