Morocco Property Forum - Property investment in Morocco - View Single Post

moroccobound · 31-08-07, 10:41 PM

English banks will not lend on property situated in Morocco. Moroccan banks will lend up to 70% of the value of the property. For foreigners, as long as you put down 30%, you can obtain a credit for the balance. It is fairly easy as long as you have proof of income and open a local bank account. Like in the UK, your income will have to be high enough to justify the amount of credit you are obtaining. If you do not have a regular income, then you must satisfy the bank that you will transfer a certain amount of money into the local bank account on a regular basis.

31-08-07, 10:41 PM	#2 (permalink)
moroccobound Junior Member Join Date: Aug 2007 Posts: 29	Re: Moroccan mortgages English banks will not lend on property situated in Morocco. Moroccan banks will lend up to 70% of the value of the property. For foreigners, as long as you put down 30%, you can obtain a credit for the balance. It is fairly easy as long as you have proof of income and open a local bank account. Like in the UK, your income will have to be high enough to justify the amount of credit you are obtaining. If you do not have a regular income, then you must satisfy the bank that you will transfer a certain amount of money into the local bank account on a regular basis.