My Mortgage Direct is offering a comprehensive flat-fee service that lets buyers hold onto to the magic of making their purchase whilst keeping their feet on the ground by making sure that all financial arrangements are in place. The service is offered at two levels, both charged at a fixed fee, so buyers know exactly what they will get and how much it will cost.
The full consultation service covers every aspect of buying a property in Cape Verde including sourcing and arranging the most competitive mortgage deal, detailed costings for all finance alternatives, inheritance, capital gains and income tax implications, liaison with solicitors and advice on any other financial matter that might affect the purchase.
From the initial meeting, clients will be assigned their own personal adviser who will see the process through to completion. The full service is charged at £500. Alternatively, buyers who just require the arrangement of a mortgage can secure the finance they need for a fee of £199, either before they visit the islands or when they have settled on a property.
Noscasa is run by British property expert Paul Akwei and his team of Cape Verdean advisers, and has the largest database of property for sale on the islands and can offer a wealth of professional and local knowledge to prospective buyers. Akwei said: “This is a very exciting venture for us. Every country has laws and procedures relating to property that are unique and Cape Verde is no different. By teaming up with My Mortgage Direct to offer our combined services, buyers can see the whole process through without worrying that they’ve missed something vital.”
Cath Hearnden, director at My Mortgage Direct, said: “As a desirable location for holiday home property investment, Cape Verde is challenging many of the established destinations. Prices are low and the potential for future growth is fantastic, but the mortgage market is in its infancy and buyers can be put off by the prospect of arranging their own mortgage - let alone address tax and legal matters. The relationship we have forged with real estate agent Noscasa will allow UK buyers to secure the property they want safe in the knowledge that their financial arrangements will be completely taken care of. The aim of our partnership with Noscasa is to provide buyers with an expert, glitch-free way of securing their dream holiday home. The only waves they might come across will have surfers on them.”
