Overseas mortgage finance house Smart Money Overseas (SMO) is extending its lending facility to the emerging Cape Verde islands.
SMO is offering mortgages on property on Sal and Santiago, expanding its existing operational portfolio of countries that includes Canada, USA, The Caribbean, Switzerland, and Portugal.
The finance house offers interest-only or repayment mortgages of up to 80% loan to value in Euros, at 5.35% variable rate for up to 30 years, with investors having to borrow at least €50,000. There is no ceiling and applicants can be aged up to 75.
'Recovery or boom'
Staying invested could prove lucrative
Consider lasting powers of attorney
Less environment, more governance threatens to undermine firms' green credentials