Our Mortgage Helped Us Buy Our Retirement Home
Susan and Ian from Rugby can start looking forward to a sunny retirement in the Costa Blanca, after buying a home there with a mortgage from Home Finance.
The couple, in their early fifties, completed on their apartment in Campoamor Golf at the end of May 2016, paying €112,000, excluding fees and taxes. To help them buy, Home Finance secured them a mortgage for €70,000, with a 20-year term and fixed rate of three per cent.
“We were surprised at how good the mortgage deal Home Finance offered us was,” said Susan. “Monica there has been excellent and really helpful.”
Susan and Ian are also using Home Finance to organise their Spanish wills.
The couple’s apartment has two bedrooms and two bathrooms. They first viewed it at the end of March 2016, deciding to purchase it the same day. They had also looked at properties in and around Villamartín and Los Dolses.
“We’ve been visiting the Costa Blanca and had been thinking about buying there for years,” continued Susan. “We never actually considered Campoamor until our HomeEspaña agent took us there to see our apartment. One of the things we like is being able to see the sea from our balcony. And it is in a great location, being a short walk from shops and restaurants, a 10-minute drive to La Zenia and convenient for two airports, at San Javier Murcia and Alicante.”
For the near future, Susan and Ian will use their apartment as a second home, which they’ll also let family and friends use. If all goes according to plan, they intend to retire there in six to seven years’ time.
One thing is for sure, when they’re there, the couple won’t spend all their time by the pool or on the beach. Said Susan: “The plan is to take up golf!”