Mortgages of private capital
22.01.2006
There are clients who have some free money and raise us that, if salt the opportunity of someone who looks for financing but it cannot come to the bank route, they are ready to give it to him in exchange for an attractive interest rate that promotes his capital and should compensate the risk”, tells David Navarro, of the signature Active Management of Lawyers, which has intercome up some mortgages of private capital. He adds that the lenders accustom to establishing requirements as for amount and interest rate: "normally there have to be operations for more than 12.000 euros (although talking each other of persons with urgencies for non-payments they can demand up to 60.000 euros), and remunerated to an interest superior to 10 %”.
Already to weigh of that Active Management of Lawyers has publicized the product in search of clients received, Navarrese makes sure that the mortgages of private capital “are an extreme and solution not advisable at all”.
He thinks that who looks for this money is usually already in mulberry situation, with the route of closed bank financing, “but he advises himself him to explore first the possibility of the relatives' help because, if not, it is getting into the final straight line, since if he does not pay there is executed the mortgage guarantee that always accompanies these loans and remains without his housing”.
The notary José Alberto Marí-n makes sure that, for the experience lived in his office, this accustoms to being the most frequent ending of the loans of private capital when who comes to them drags problems of non-payment. “In the end one comes to the achievement of the building because, in fact, many of the lenders are persons related to the real estate sector and it is there - where they find the benefit, in which the client stops paying, because then they offer him like solution to cancel the debt in exchange for remaining with the property of the building and allowing him to keep on living there - how tenant through a time”.
Source: The avant-garde
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2 Responses to “Mortgages of private capital”
want to buy to me a house and I need 240.000 € that it would be necessary to be able to acquire certain money quantity??
Hello, him signed of a contracted one of buying and selling of a detached house for 186.000,00.-€.
121 m2. of housing and 700 m2. of plot in January, 2007,
on account of the owner him deposited 40.000,00.-€.
with owner's permission for my money and it has haora 250 m2. with proiecto of arcitecto and notarial
enlargement I cost myself approximately 90.000,00.-€.
nesesito the mortgage of 172.000,00.-€. it me presses
a greeting
Andres