Payment Options
Med Dreams Property offers a range of purchase options that vary
depending on the property in question. For example the payment options
for a finished property will differ from that of a property at the
plans stage. If you are interested in a particular property, or
range of properties, please (1) take a note of the Med Dreams'
reference number for that property and then (2)
contact us to find out more details.
Payment Schedules
Payment schedules are dependent on whether the property in question
is a resale, from plans, or under construction.
Typically the payment schedule requires an initial 10% deposit
to secure the property.
Thereafter payment schedules are designed to facilitate staged
payments over the term of the construction, and/or the time taken
for application for the deeds.
Paying a Deposit
When placing a deposit on a property, please also provide us with
a copy of your passport, 2 passport photographs and 2 documents
that verify your address, for each person wishing to be named on
the property deed.
All payments are to be made payable to "Med Dreams Property
client account".
Mortgages
Med Dreams Property has links with several financial services providers
and international Banks with regard to providing our clients with
mortgage services. We can now offer our clients up to 80% mortgages
on properties. However the actual mortgage will depend on the lending
institution, property in question and clients financial situation.
Financial Advice
Med Dreams has teamed up with independent financial advisors that
you may contact with respect to the options available to you when
purchasing property abroad. We do not receive any fee from their
services. Naturally you are free to discuss your financial options
with an advisor of your choice. We offer you the following options
as they are already familiar with our business.
It should be noted that
Irish lending institutions will not normally approve loans
for any foreign investment properties in any country operating
outside the boundaries of Irish law and financial regulations.
If you need some form of a loan to finance your
purchase, financial advisors will typically discuss the option
of garnering a loan based on the equity gained on your existing
domestic property. In the last few years Irish and UK properties
have afforded people the opportunities to choose this avenue.
Please
contact us for more details.
Legal Requirements
The named purchaser, or an officially appointed representative,
are the only individuals that can sign the ownership and legal
documents (TAPU). The names purchaser their representative must
personally attend the appointed office in order to finalise and
collect the purchase documents.
A copy of the buyer's valid current passport.
2 colour passport photographs.
If the property is being bought as a joint venture, copies of
valid passports and passport photographs are required for each
individual.
