Do I need a Moroccan mortgage?

[imported_flyer]

As I see it, the way to finance a purchase in Morocco is, in principal, no different to one here or anywhere else in the world. The options are a) get a mortgage or b) purchase it outright with funds raised here.

What are the pros and cons of either option? Why should I go through all the hoops to get a Moroccan mortgage? What are the benefits?

This is all doing my head in!!!!!!!!!!

 

[Lee Filkins]

I did a thread close to the subject. I do not know how to retreive it. It coverd the paper chase, VAT on nortgage interest rates, servicing the mortgage in fx, VAT on rental income.

 

[imported_flyer]

I did a thread close to the subject. I do not know how to retreive it. It coverd the paper chase, VAT on nortgage interest rates, servicing the mortgage in fx, VAT on rental income.

I'd love to see it

 

[Ketz]

Hi Flyer or Camel

If you locate the Moroccan mortgage/finance thread/info, can either of you please forward my way too, thanks. Also I am looking at investing in Morocco and have been advised of Tangier but also Agadir. Any thoughts or experience of either?

Regards

 

[moroccoproperty]

Hey guys,

I believe you may be looking for this:
http://www.moroccopropertyforum.com/morocco-property-azur-plan/mediterrania-saidia/oasis-beach-golf-resort/98-rental-occupancy-oasis-beach.html#post227

Hope it's the right one!

 

[Lee Filkins]

moroccoproperty: Thanks that the one.

 

[Lee Filkins]

Flyer wrote "This is all doing my head in!!!!!!!!!!"

Property purchase or any other Investment needs a great deal of research, more research
and yet more research and if you are investing outside UK, you have to undesrtand their law, language, business culture, taxation, the effect of taxation of the particular country with UK taxation etc.

Buying abroad is not to be based on an inspection flight, with the sunshining and the red wine flowing and the agent had made sure that you dont go out of their sights until you have signed on the dotted lines

To be honest with you if the mortgage is "doing your head in" than you should not be getting into overseas market and specially Morocco as mortgage is the easy bit.

 

[imported_allnewmorocco]

hi I've gone through the process of obtaining a mortage its slow and painfull for a foreign investor and feel i was a guinea pig at stages with mistakes being made by the broker/bank let me know if you want some help/info

 

[Lee Filkins]

Allnewmorocco:
Even you. I thought I was the only guinea pig, Welcome to the guinea pig club.