Example payment schedule for a 2 bedroom apartment at Jardines de Alhama Golf Resort
The apartment is priced in Euros and all sterling amounts that follow use the exchange rate quoted by Moneycorp on 14 August 2006: 0.67 £/€ Exchange Rate
The 2 bedroom apartment at Jardines de Alhama:
| Property price | 119,800.00€ | £80,266.00 |
Payment Schedule for the apartment would be as follows:
| Instalment | Total Investment | |||
| Reservation Fee: | 3,000€ | £2,010 | £2,010 | At reservation |
| 25% deposit required within 20 days | 29,950.00€ | |||
| plus IVA at 7% | 2,096.50€ | |||
| minus Reservation Fee | 3,000.00 | |||
| 32,046.50€ | £19,461.16 | £22,471.16 | At 20 days | |
| Total therefore paid within 20 days | 32,046.50€ | |||
| 9 months from date of reservation | ||||
| a further instalment of 15% | 17,970.00€ | |||
| plus 7% IVA | 1,257.90€ | |||
| 29,227.90€ | £12,882.69 | £34,353.85 | At 9 months |
*Your total investment to date (between now and completion) is £34,353.85.
This assumes an exchange rate of 0.67 - the exchange rate can be fixed
through us using Moneycorp. This means you will not be exposed to any
fluctuations for the second payment and at a later stage. If you would
like more information on this service I will ask them to contact you to
explain their services in more detail. Basically, they get a much better
rate of exchange than your bank will offer you and then only charge you
approx. £15 for the transfer rather than the higher charges your bank
would want.
The remaining 60% of the purchase price is due upon completion, a percentage of which could be funded by a mortgage
See Polaris World mortgages for more information by clicking here >>>
| of 60% of Property Price | 71,880.00€ | |||
| 5,031.60€ | ||||
| 76,911.60€ | £51,530.77 | £85,884.62 incl. IVA | On Completion |
