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Daniel Appleton, Jason Knights and Ian Green

Our Home Finance mortgage was a great deal!

Securing a great value mortgage through Home Finance means three Norwich families can now look forward to fun holidays at their Costa Blanca home.

When Daniel Appleton, Jason Knights and Ian Green, all married and with two children, bought their villa together in Villamartín, Home Finance took complete care of their Euro mortgage requirements.

“We couldn’t believe it when we got our mortgage offer,” said Daniel Appleton. “Opting for it was a no-brainer. We’re all independent financial advisors and did speak to other mortgage providers in Spain but Home Finance’s offer was a great deal. Monica who looked after us was really good – she answered all our questions quickly and gave us all the details we needed.”

The mortgage Daniel and his friends received is a repayment mortgage, with a fixed rate of three per cent for 20 years. They received 65 per cent loan to value, which works out at around €123,500, having agreed a purchase price of €190,000 (excluding fees and taxes). The cost to purchase for each of them was around £21,000.

“We’ve calculated that each of us just needs to pay £180 a month to cover running costs, covering our mortgage repayment and a bit for bills,” added Daniel. “We’ve bought the property to enjoy amongst ourselves and friends, and over a ten-year period we expect it to be a good investment. We use a currency transfer firm to send funds to Spain, which coincidentally happens to be the one that Home Finance works with.”

Daniel, Jason and Ian, who all live around Norwich and work for the same firm, have known each other 15 years and already co-own buy to let properties in the UK.

Their new three-bedroom detached villa, which came furnished when they completed the purchase in May 2016, is in the El Galán area in Villamartín. South-facing, it includes a private pool, roof terrace, patio, satellite TV, WiFi and off-road parking. Supermarkets, bars and restaurants are a 10-minute walk away, while the beach and La Zenia Boulevard shopping centre are both a 10-minute ride in the car.