Fees

A mortgage often involves many fees, such as origination or underwriting fees, broker fees, and transaction, settlement, and closing/completion costs. Every lender or broker should be able to give you an estimate of its fees.

When buying their home most purchasers need to borrow to complete the transaction. The most common form of home- buying finance is a mortgage loan.

IFGroup will provide sound advice on the latest rates, the maximum amount you can borrow, repayment flexibility (such as capital payment holidays), different methods of mortgage repayment and all the pros and cons of fixed versus variable rate options.

In other words, we'll help you to identify the mortgage that best meets your personal needs - now and into the future.

BRITS TO BENEFIT FROM SPANISH CAPITAL GAINS REDUCTION

From 1 January 2007, Capital Gains Tax (CGT) in Spain for non-residents is set to drop from 35 per cent to 18 per cent, bringing the rate in line with the Spanish residents’ rate. This is great news for current and future investors, effectively halving the tax you have to pay on any gain in value of your home between its purchase and resale.

‘ONE BRITISH NATIONAL EMIGRATES EVERY THREE MINUTES’

New research from the Institute for Public Policy Research (IPPR) has revealed that some 198,000 British nationals moved overseas last year, bringing the total to 5.5 million. Its report goes on to predict that another one million will make the move in the next five years, which equates to around one person every three minutes.

The strong pound seems to have been a key factor in the decision to move overseas. Danny Sriskandarajah, associate director of IPPR, says: “When the going is good, Brits get going. Brits are looking for a better job, a better quality of life or a sunny retirement. Very few leave because they think the country has ‘gone to the dogs’.”