Andorra

Includes Andorran Residential Property only

Loans available for the majority of Nationalities for either House Purchase or re-financing for Home Improvements and other purposes on a case-by-case basis.

Type of Loan: Repayment and Interest only Mortgages

Minimum: €30,000 loan with no maximum, subject to 70% of valuation (70% LTV)

Proof of Income: It is a requirement in all cases that borrowers are able to provide proof of income. The definition of income may vary from one lender to the next, but generally comprises earned income, pension, rental income and investment income. Each lender may have a different approach in making allowance for a particular type of income, when they establish the maximum loan available for a borrower.
Non-status loans are not available at this stage.

Term: 5 to 30 years - up to borrower being age 70

Currency: Euros only

Current Variable Interest Rate: ranging from 1.25% above EURIBOR