House buy in Eiras Velhas Madeira

Three bedroom house located in the country side of Santa Cruz.\n\nIf you?re looking for green pastures, privacy.. look no further.\nLocated in a quiet, residential area. The well presented house offers family friendly accommodation. With spacious bedrooms and a generous lounge with fireplace.\nHearing throughout the house. \n\nTo the first floor is a generous landing space leading off into three bedrooms and family bathroom. One bedroom is a master suite with private bathroom and closet section. \n\nExtra room which is currently an office.\n\nHuge balcony in the master suite. Built in closets in all the bedrooms. Low ceiling lights for a warm cosy effect. \nLaundry room.\n\nGardens and huge greenhouse.\n\nBarbeque and entertainment section on the lower floor. \n\nFancy a walk in the forest. Just step outside..There are some wonderful countryside walks on your door step for those that love the outdoor life\n\nAdditional outbuildings include two warehouses which are not included in this particular purchase price but are currently being rented for income. \nWarehouse 1 - 120m2 - 120 000?\nWarehouse 2 - 770m2 - 450 000?\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.