Thanks for responding. My friend is a Romanian national. I believe the loan is for the entire amount of purchase, or close to it. I understand it is a special loan for couples with good incomes. He called the 2.5% a "tax" which may be a bad translation. I would be lending him the money, I just don't want to scammed.
Thanks again. Mark
Quote:
Originally Posted by deanedgar
Southern Knight,
You dont mention what the loan to value is ? Generally the banks will loan to foreign nationals, but require anywhere from 10% to 35% deposit. So if you have a 1005 loan, 2.5% is reasonable. However being told this just before you need the cash, is typical of some lenders
Dean
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