Falling Interest Rates Cut Mortgage Costs - To Zero?
While falling interest rates will never cut mortgage costs to zero, here's a programme that could leave home seekers mortgage-free... within the next few months.
[UKPRwire, Tue May 26 2009] Home owners cheer as falling interest rates cut the repayments and perhaps the term of their mortgages.
However, although they don't yet know it, within weeks they could be totally mortgage-free.
Beverly and Andy Rockliffe have launched a competition... with their spacious Andalucian golf home as the 100% mortgage-free prize.
Andy told us, "Most people dream of being mortgage-free but even when you employ all the normal tricks of the trade - lump sum payments, overpayments, offset mortgages, etc - you are still saddled with years of debt. However, one of our competition entrants is going to be mortgage-free within weeks. Given the current finance crisis, this has to be the property investment opportunity of 2009."
"For an outlay of just £25, the winner of our fabulous home" says Beverly,"will have nothing else to pay. You'll have no mortgage - just a fantastic home in the sun. All the legal fees and taxes are taken care of, and we'll also throw in two return UK air fares, so the winner can come to collect the keys."
The spacious home backs on to a beautiful golf course, has mountain views, countryside walks and is just a short drive from shops and beaches. On site there are two restaurants, two bars, tennis, bowling, two pools, petanque, a nearby equestrian centre - plus driving range and 27 holes of golf.
Living and working in Spain is easy for EU nationals but the winner could also sell the property and pocket the cash or derive a rental income from visiting holiday makers and golfers. Getting there and back is easy, too... Malaga airport is just 20 minutes away with direct flights from the UK and Europe. UK flight time is approximately two and a half to three hours.
Competition entry tickets to win the luxury, four bedroom golf course home in Andalucia, southern Spain are now available from http://www.winadreamhomeinthesun.com/pr/free - price £25.
If tickets sales don't reach the target, a cash prize will be awarded. This will be the entry funds collected less the cost of marketing, administration and legal fees.
The Rockliffes have decided to dispose of their property via a competition as it should prove to be a cost-effective and relatively speedy way to release the equity tied up in their home.
The house is a luxury townhouse built in 2005 at Lauro Golf, Alhaurín de la Torre, Málaga, in southern Spain. The property has four double bedrooms and two bathrooms, one with Jacuzzi bath.
The ground floor has a bright and airy lounge/dining area, a cherry wood kitchen with all appliances included and a cloakroom. The basement floor has a large store room, additional storage space and private underground parking.
Other features include wireless internet access, satellite TV, heating/air conditioning system, under floor heating in the bathrooms, marble floors, etc.
There are terraces back and front on both the ground and upper floors. Views to the front are of the Guadalhorce Valley. The south facing rear of the property directly overlooks the golf course (front line) with the Sierra de Mijas mountains as a beautiful backdrop. Lauro Golf is located almost at the midpoint between the towns of Alhaurin de la Torre and Alhaurin el Grande: less than a 10 minute drive to either.
Just 20 minutes away, Malaga airport offers easy access to the UK and many other international destinations. The city of Malaga is another ten or so minutes drive further on. Within easy reach are the towns and beaches of Marbella (35 mins), Fuengirola (25 mins), Benalmadena (25 mins), Carihuela (20 mins) and Mijas old town (15 mins).
The property is ideal as a family holiday home or for permanent relocation. For those with rental income generation in mind there are plenty of visiting golfers and holiday makers who come to the area every year. The winner could even sell the house and walk off with the cash.
The Competition Web Site
The competition web site - http://www.winadreamhomeinthesun.com - has more information on the house, the golf course and facilities available to property owners, local area information, house plans, a video plus photo gallery and details of the competition itself.
Press room at: http://www.winadreamhomeinthesun.com/press-room.html
For further information, hi-res colour photos or interview availability please contact:
Beverly or Andy Rockliffe
UK 0203 291 2123.