Cape Verde is an archipelago located on the same line of latitude as Barbados, and situated on the West coast of Africa. This group of volcanic islands is set to become the new Carribean. Already people are starting to holiday here with more and more airlines operating direct flights from the UK. In just 6 hours you could be relaxing on the beautiful beaches of this tropical paradise. It’s a dream that can come true with CFP offering the financial solution for you to purchase a property in this amazing new destination. 

Apply NOW to find out how much you qualify for in Cape Verde.

Please note that you must obtain a platinum membership for mortgages in Cape Verde.

Buying Guide

Buying a foreign property can be a daunting decision whether it is your first time or not, and so it is important that you take the time to research and plan to ensure that it is feasible, and that you are making the right investment choice.

Morgage Guide

Mortgages at a glance:

Maximum Loan:	85% puchase price
Maximum Term:	25 years
Maximum Interest Only Term:	5 years
Maximum Age on Completion:	65 years
Best Rates:	6 month euribor + 2 %
Mortgage Process Length:	6 - 8 weeks approx

CFP Mortgages in Cape Verde:

We have a number of popular mortgages in Cape Verde, with our Product manager and Cape Verde Financial Advisor constantly in contact with the various lenders to secure new deals, and get new and better rates for our customers. We are now working with some new Portuguese Banks in Cape Verde, and we expect the interest rates to start coming down during 2008.

Qualification:

Qualification for a mortgage can vary from bank to bank. Generally qualification is dependant on your ability to repay your mortgage and debts at home, as well as your mortgage in Cape Verde. The figure used is usually expressed as a % of your combined net take home pay.
Eg. In Cape Verde this is 35% - 40% of your net take home pay.
Please note however that some banks are more flexible than others.  

Mortgage Costs:

All mortgages in Cape Verde have associated costs, these costs are:
Opening Fee: 1%
Transfer tax:   }
Stamp Duty:     }    6.5% buying costs
Notary:             }
Valuation Fee: variable- up to €200

Documentation:

When applying for a mortgage it is important that you have specific documentation to support your application and prove that you are elegible for a mortgage. The list of  required documentation is necessary, but may vary depending on the lender and the type of mortgage you are applying for. 

Note: All facts and figures may vary depending on individual circumstances.