Morocco Mortgages

Nearly all Moroccan banks offer foreigners a mortgage to purchase a residential or a buy-to-let property in Morocco. It is a pretty straight forward process in and in many ways very similar to how British and European banks operate. The main aim of the bank is to ensure that you have sufficient income to cover the cost of a Morocco Mortgage. Which means that they will ask you for payslips and other proof of income. You do not need to be a resident in Morocco in order to get a mortgage and they will not carry out any credit checks on you. Most banks will offer a Moroccan Mortgage of no more than 70% of the value of your property. Interest rates for Mortgages in Morocco tend to be higher than mortgages in the UK. For example at the start of 2008 banks were charging 6% for a variable Mortgage in Morocco.

Also from Cityred

Many visitors to Morocco fall in love with this amazing country and decide to buy property in Morocco. Please visit these links for information on Morocco Property or Property for Sale in Morocco, and on all aspects of buying a property in Morocco and the types of Moroccan Properties for sale.

Morocco Holiday Apartments

You can also apply for a mortgage to buy a holiday apartment in Marrakesh

French Properties and Mobile Homes for Sale in France

For property for sale France, please visit our friends My-French-House. They also offer assistance with French holiday home rentals or their currency exchange rate services. Worried about the current climate and economic downturn? We have the PERFECT SOLUTION to help those who want to Punch the Crunch by enjoying quality holidays in France that won’t break the Bank. If you’re interested in buying a mobile house in France, then My French Mobile Home is a dedicated site for Lifestyle Holiday Homes in France.