Articles in the ‘Property News & Info’ Category

Good news for owners of company owned properties domiciled in Andorra, Bermuda, Gibraltar, Cayman Islands and Jersey. Click here for further information: PWC.com  

A Beira Lago luxury villa for sale by Quinta Properties has been named one of the best residences in the world with a home gym by the Financial Times.

Property is one of the best long term investments; and we believe that this collection of properties in Quinta do Lago and Vale do Lobo are great opportunities.

Risk averse and focused on secure, long-term investments is the best way to describe investors today. As such, many continue to favour property, and those in the know are investing in Quinta do Lago and other tried and tested developments.

We are pleased to welcome our friends at Global Technologies Control Systems (GTCS) to their new Quinta do Lago office, right next door to Quinta Properties alongside OKA’s interiors showroom!

Portugal has signed a Memorandum of Understanding with the European Commission, European Central Bank and the IMF.

Savills International Valuations team covers professional valuations throughout Europe, North Africa and the Caribbean. In addition we support Savills agency teams further afield, such as Quinta Properties in Quinta do Lago.

Santander Totta London Branch – Talk to the bank with local knowledge

Banco Santander Totta SA is a Portuguese commercial bank, which can trace its origins back to 1843. It is a member of Grupo Santander, one of the largest financial groups in the world, and has a wide network of branches and representative offices in Portugal and throughout the world, including London.

The London branch, established in 1973, is authorised by the Bank of Portugal and regulated by the Financial Services Authority for the conduct of UK business. The Financial Services Authority does not regulate loans secured on overseas properties. In the case of Portugal these are regulated by Banco de Portugal.

Loans are available in EUR and GBP. Interest will be charged at a margin over the Bank’s mortgage loan rate applicable to the currency borrowed.

The bank currently has two main mortgage products available:

Capital Repayment

Allows peace of mind that your loan will be fully repaid at the end of your chosen term, equal repayments throughout life of the loan (subject to Base Rate changes), maximum Term 25 years, loan to be repaid by the age of 75, and ability to make overpayments.

Residual

Ideal if you have other financial commitments and want to keep monthly costs at a minimum, 70% of your loan reduces on a monthly basis, 30% of your loan will be repaid at the end of your chosen repayment term, no capital repayments required on 30% of your loan, you can use other investments to repay 30% of your property at maturity of the loan, maximum term 15 years, loan to be repaid by age 65, ability to make over payments.

All loans if repaid in full or part within the first two years are subject to an early payment fee of three months interest, after two years the loan may be repaid at any time without incurring a penalty.

Once an application has been approved by the Bank and the terms and conditions have been offered and accepted, all legal documents will be prepared by the Bank’s lawyers. Receipt of application to formal offer normally takes within four weeks.

For further information please contact:

 Tel: +44 (0)20 7621 2660

Email: info@santandertotta.co.uk

www.santandertotta.co.uk

Savills Quinta Properties in the Daily Mail – premier resorts a safe overseas bet. We are delighted to be quoted in the UK Daily Mail in an article by Mark Hughes-Morgan regarding the 2011 forecast for buyers of overseas property.

British expats will find surprising tax breaks from life in Portugal… especially in terms of capital gains tax and inheritance tax.