House buy in Portela Madeira

The Quinta is located in Santa Cruz, a 5-minute drive from Santo da Serra golf course with sea and mountain views. House in excellent condition. Fifth completely fenced and safe.Pre-installation of tennis court.Built in 2005. \n\n1 Bedroom Suite with private bathroom and equipped with hydromassage bath.\n2 bedrooms.\n1 common bathroom with shower.\n1 Living room of 70 m2.\n1 Laundry with 6 m2.\nFireplace in the living room.\nKitchen with 15 m2, equipped, with fixed table, in granite with capacity for 6 people.\nCentral heating and air conditioning throughout the house. Double glaze windows. \nBalcony surrounding the house with great views of the sea and the deserts.\nAlarm system installed.\nHouse equipped with solar panels.\n\n\nA living room with an area of ??100 m2, with equipped kitchen, barbecue and bathroom.\n\n\n3 covered parking spaces.\n1 Closed garage with 150 m2, with bathroom.\nDiscovery zone to park more than 15 cars.\nKennel with 15 m2. It has a covered area of ??3 m2 for dogs.\nRoom to store firewood and trash.\n1 Arrecadao with 3 m2.\n1 Arrecadao with 15 m2.\n\n\nWatering tank (with water of feather) with 300.000 liters.\nInstalled irrigation system (programmable).\nGarden with swings and slide for children.\nArea with fruit trees (walnut, apple tree, lemon tree, ameixieira, peach tree and mulberry tree)\nPotable water tank with 5,000 liters, located in the garage.\n\n\nMortgages - Non Residents\nThe Bank will verify if the applicant is in a financial position to be able to meet the conditions of the loan which will be based on \"\"affordability\"\".\nIf an applicant is self-employed, an application must be accompanied by audited accounts for the previous three years together with the current year?s management or unaudited accounts, satisfactorily certified by an accountant acceptable to the Bank, together with three years tax returns.\nThe Bank will usually consider lending up to 65% of the valuation of the property, or purchase price whichever is lower.\nSecurity\nThe security will be either a mortgage over the property or if the property is owned by a company (which the Bank requires to be managed by a specialist management company from it?s approved list) the Bank will require a charge over the shares of the company along with a mortgage registered on the property. The Bank will recommend an assignment over a suitable life policy.\nIt will also be a condition of the loan that the property is insured for it?s full replacement value and the Bank?s interest noted thereon.\nValuation of property\nApproval of any loan application will depend upon the Bank?s valuers providing a favourable report on the property, the cost of which will be borne by the applicant.\nProcedure\nOnce an application has been approved by the Bank and the terms and conditions have been offered and accepted, all legal documents will be prepared by the Bank?s lawyers with all legal fees to be borne by the applicant.\n\nABOUT PRIME PROPERTIES MADEIRA REAL ESTATE \nDiscover the perfect home for you in Madeira, Portugal today! \nPrime Properties Madeira Real Estate is a local, well-established, licensed, real estate agency providing a complete service to international buyers looking to invest in Madeira, Portugal whether for holiday homes or permanent living residence. Our properties include villas, houses, quintas, apartments, land and commercial properties. We also offer a PROPERTY FINDING SERVICE, working with a few select real estate agencies in Madeira to deliver a personalised service through the entire purchase process from viewings, negotiation, legal expertise, mortgages, relocation etc. We pride ourselves on working together to European standards of honesty, integrity and transparency. We provide excellent after sales service.