Hi Gregory,

There are many banks that will lend on 'rustic' properties, some up to 80% LTV. However all banks have different criteria. Some will lend on LTV regardless of purchase price, some will lend on LTV but to a max of purchase price, some will lend on purchase price or valuation, whichever is the lower!!

It is also important to note 2 things:

Some banks will only lend on the building, not the land.
All banks will only lend on the registered, legal size of the property.

The Nota simple for a property will confirm the last point. Always use an independant for your purchase.

Hope this helps!

Regards
Sharon
sharon@tmasspain.com