Moving house

Purpose
A bridging loan tied to a long-term property loan. Micos Duetto offers a simple, flexible financing
solution that allows you to buy new property before or at the same time as you are selling your
existing property.
Interest rate
Fixed interest rate. Rate can be lowered under the following conditions:
• - 1.00% reduction if the property is sold within 6 months; and/or
• - 0.50% reduction if the new buyer obtains financing through Micos Banca
Terms
Micos Duetto must be tied to a long-term Micos Banca loan.
Loan-to-value can be up to 80% (based on a valuation or expert appraisal).
Micos Duetto can be used to pay-off existing loans and cover purchasing fees.
No monthly payments required during the first 12 months, and interest-only payments from 13th
month.
The loan will be repaid when the existing property is sold, with no full or partial pre-payment
penalty.
Monthly payments
No payments during the first 12 months; interest-only payments from 13th month.
Duration
24 months.
Loan amount
Minimum € 25,000, no maximum.
Guarantee
First rank security on the property pledged as collateral, or a guarantee provided by SACCEF, a specialized
company.

Borrowers benefit from a ten days cooling-off period before accepting the mortgage offer, according to Articles L.312-1 to L. 312-6 of the French Consumer Code.

This information is indicative only and does not form part of any contract.