Mortgage terms are available from 3 to fifteen years, up to age 70, with a loan-to-value maximum of 80 per cent. Rates are currently 14 per cent for a scheme fixed over fifteen years in Mexican Pesos only and there are no early redemption penalties for any fixed rate mortgage under this scheme.
Discerning buyers, with an eye for a bargain, have been snapping up properties in Mexico to take advantage of its endless coastline, the current strong Pound Sterling and future potential, and the Conti scheme recognises this interest says Conti’s US Manager, Kevin Fleury:
"Prices are very keen in Mexico. For example, it is possible to buy a five bedroom, four bathroom villa with a pool available, with excellent rental possibilities, around US$300,000 in Puerta Plata. With no restrictions on rental, such as those that can be experienced in Florida, we anticipate this is a destination to watch."
With Sterling stronger than ever against the US dollar, this could be an ideal time to look further afield than Florida and California, and grab a piece of the action down Mexico way.
For more information contact: Conti Financial Services, 204 Church Road, Hove, East Sussex, BN3 2DJ.
Tel: +44 (0) 1273 772811
