How to deal with a non purpose investment mortgage?

Do you have a business idea or plan an investment and need to borrow money? Take advantage of a non-purpose investment mortgage at an attractive interest rate.

Mortgage loans are generally divided into two groups, purpose and non-purpose. The purpose ones are the usual mortgages to purchase  a property for living. We mention these regularly here on the blog. Let us take a closer look at the non-purpose ones, that is, loans that are not intended to finance real estate.


Loan for anything - car, holiday, business, investment

A non-purpose loan (also known as an American mortgage) can be used for anything. You can finance a car purchase, an exotic holiday, business plan, investment plan, or anything else you might just need. The condition for obtaining a non-purpose loan is, as in the case of a specific purpose loan, to provide the bank with sufficient guarantee in the form of a property.


Non-purpose loan with an interest rate of 2.49%

What are the terms that banks can offer you? In today's world of low interest rates we are able to achieve an interest rate as low as 2.49% p.a., with a 3-year fixation, with LTV up to 50%, that is, the bank will lend you 50% of the value of the property that you provide for the guarantee, or 2.99% p.a. with LTV up to 75%. Just a few months ago these rates were typical for purpose mortgages. Today you can fund anything under these conditions.


If you are considering a non- purpose loan for quite some time, now you definitely have some of the best conditions to get it. So please do not hesitate to contact our mortgage specialists, here.