Mortgage Update - good news
Basically if the land is owned (with title) by an individual or a development company then there should be no problem getting a mortgage
Maximum 60% loan to value
Capital and interest repayment basis in Egyptian Pounds
Rate unknown as yet (NOT GOING TO GUESS)
Maximum Term of 15 years
Loan must be repaid by age 65
Mortgages are definately not available in Sahl Hasheesh yet as land title is with the Egyptian Tourist Authority and cannot be transferred till the whole development is complete.
This is all the info I have till next week
Enjoy your weekend!
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