Hi.
We have been staying at my in-laws villa for 10 years and love the area. We have just returned and want to look into buying a villa nearby; we were offered a new one and a re-sale whilst there.
We were told that we could get a 100% mortgage on the new one, or 70% on the re-sale. The re-sale is actually considerably cheaper (50,000 Euros!) and includes all the a/c, furniture etc. It's a no brainer to be honest.
However I don't have the 30% deposit.
Are 100% mortgages available on re-sales and what is involved in getting a mortgage on either new, or -a re-sale?
We will want to rent it out where possible when not there, if that makes any difference.
Many thanks.