Thinking of moving to Spain? Have you found the Spanish home of your dreams? Ready to take the plunge and make an offer, but need to have your mortgage in place first? Don’t worry, we can help!
From finding the right mortgage to making your mortgage application, our team of qualified experts will be by your side every step of the way: from your first property viewing to the day you collect the keys to your new home! Here’s everything you need to know about the wide range of mortgage services we offer to get you to wear you want to be:
Consulting with our mortgage experts is completely free of charge: Whether you’re ready to make your mortgage application or you simply want to take a pre-qualification test to see if your application would be approved, our mortgage advisors are ready and waiting to work with you at no cost.
Our team work quickly and efficiently: no matter what your mortgage question, they can find the answer. What’s more, we have an in-house risk team who are perfectly placed to evaluate your situation and determine which banks will lend you the money you need, and at the best rates available.
We appreciate that every mortgage applicant is unique. From your financial situation to the speed that you want your application to take place, we will take the time to listen, to understand your needs, and to get you the best deal.
Concerned that securing a mortgage in Spain as a non-resident will be complicated? We specialise in securing non-resident mortgages, and in Spain it is still possible to secure a mortgage for up to 70% of the purchase price of your new property.
Have you already purchased a home in Spain? Ready to make home improvements, or need to release funds for another big life occasion? Then we can assist you with that too! We can help you to release equity from your Spanish home quickly and efficiently. As a general rule of thumb, you can release up to 60% of the value of your home in this way.
Have you secured Spanish residency, or are you a Spanish national? Then you can secure a mortgage with up to 100% loan to value ratio, and we can help you to find the perfect mortgage for you!
When it comes to choosing a mortgage in Spain there are three main types for you to pick from, and we are able to offer all of them, whilst also assessing your unique long and short term needs to ensure that the type of mortgage you choose works for you in the long term. The three types of mortgages available to you are:
All variable rate mortgages in Spain are linked to the Euribor (this is the name for the interest rate used to calculate Spanish mortgages). At present, the Euribor currently stands at below zero (today's rate is 0.3%) and this is an all-time low for interest rate levels in the country. In real terms, this means that borrowing money in Spain is very cheap at the moment. It doesn’t matter whether you’re an international buyer or a Spanish resident, these low interest rates mean that there are some fantastic variable mortgage rates available right now.
Whilst variable rate mortgages are linked to the interest rate in the country, a fixed rate mortgage will fix the payments that you pay each month for the full length of your loan. Whilst the rates that you are offered are likely to be higher if you choose to opt for a fixed rate mortgage, it removes the unpredictable element of securing a mortgage. You know exactly what you will have to pay every month, and can plan your finances accordingly: something that is worth paying a little extra for, for many mortgage holders.
A mixed rate mortgage does exactly what it says on the tin: it offers a mix, or combination of both variable and fixed mortgage rates. In real terms, that means that you may well choose to fix your mortgage for a set period of time (five or ten years, for example) and then your mortgage will revert to a variable rate mortgage, where you pay whatever the interest rate at this time is. These are the least common of the three mortgages being offered in Spain, and as a result they are not offered by all lenders. But if this is the type of mortgage you’re most interested in, our advisors are perfectly placed to help you find the mixed rate mortgage that will work best for you.
We offer mortgage advice you can trust, completely free of charge, and without any obligation to arrange your mortgage through us. We’ll work with you to understand your needs, take your information, and then present you with a wide range of mortgage options to choose from. In return, you’re only obliged to use our services if you want to proceed with one of the mortgages offers available to you. It's transparent, it’s easy, and it’s fast too. And if that’s not enough? Here are three other great reasons to work with us: