Spanish Mortgages in 2024 are below 2023 levels. Spanish Banks have tightened criteria due to high interest rates. Euro based non resident applicants for a mortgage in Spain will experience no difficulties. Non euro earners will have limitations. Increased stress level tests and reduced exchange rate calculations make it more difficult. Particularly to meet affordability ratios. Spanish Banks are focusing on the mid range property market. Excluding Spanish mortgages for the lower level of the market.
Latest News and updates
02Sep
Spanish Mortgages in 2024
05Aug
Non resident mortgages Spain
Non resident mortgages in Spain are lower. This is in line with a decrease in total market activity. Up to May 2024. A higher number of foreign buyers are opting for off plan builds. During construction a Spanish loan cannot be arranged. The application needs to start around 3 months before completion of property. Mortgages in Spain for an off plan cannot be guaranteed at contract stage. Therefore a risk applies. Non resident loan applicants who need, rather than prefer a Mortgage in Spain should opt to buy a resale. With a resale a Spanish mortgage application can be fully underwritten, before any commitment to buy.
02Jul
Mortgage market Spain April 2024
Latest news for Spanish Mortgages in April 2024. Interest rate trends in Spain are on the decrease. Activity first month of second quarter improves for Mortgages in Spain.
03Jun
Mortgages in Spain first quarter 2024
Mortgages in Spain first quarter 2024 drop. Sale of homes is also showing a small decrease. High interest rates have subdued demand. Expectation that ECB will lower base rate in 2024. Spanish mortgages with fixed rates remain low. Spanish Banks holding up on profitability. BBVA and Sabadell raise merger question again
03Jun
Buying property abroad for American Investors
Why For American’s Buying Property Abroad Is No Longer a Foreign Concept In an increasingly interconnected world, the notion of home is no longer confined to one’s country of origin. For adventurous Americans seeking to expand their horizons and embrace new opportunities, owning real estate abroad offers a gateway to diverse cultures, lifestyles, and investment […]
11May
Spanish Mortgage Brokers
When arranging a mortgage in Spain you can access two different types of Mortgage brokers. Spanish Banks do not generally have set products for a Spanish Mortgage. They adapt their offering for each client. Only one type of mortgage broker in Spain is authorised to process and negotiate an application on your behalf. The other type may only make an introduction to one specific Bank.
18Apr
Golden Visa Scheme Spain
The golden visa scheme in Spain is due to be withdrawn. Will this affect the Spanish mortgage market and sales. Mortgages in Spain fall in first month of 2023 against previous year. The 12 month Euribor has increased for home loans in Spain. Average interest rates remain stable in Spain.
02Mar
Spanish lending Dec 2023 and YTD
Spanish lending Dec 2023 and YTD. Mortgages in Spain. saw a year of decreases. Due to high interest rates and economic instability. Published data however shows that the numbers are up on pre covid levels. Spanish mortgage activity in the year saw decreases less than the increases of 2022 and 2021. Fixed rate popularity is diminshing slightly. However still remains the favoured choice of borrowers in Spain.
07Feb
November 2023 Spanish mortgage figures
November 2023 Spanish mortgage figures improved over August. Interest rates have dropped slightly in Spain. Spanish lenders tighten criteria. Lending in Spain annually is well below 2022 levels.
26Dec
Residential lending in Spain 2023
Spanish residential home loans for residents and non residents remains at lower levels than 2022. Interest rates for a mortgage in Spain are stabilising. Fixed rates remain at competitive levels. Residential lending makes up 70% of all new credit in October. Loan sizes and capital lent fall year on year.
Buying Real Estate
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Documents required
Spanish Banks require certain documents are presented in order for them to assess a mortgage. No self certified or minimum documentation loans are available. All Spanish Mortgages are full status.
Self Build loans Spain
Are you considering buying a plot and building your own property find out what lending facilities are available and at what point in the project funds can be made available.
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Feedback from clients
Dear Heather, Ravena and Cecilia
You have been more than helpful and should we find anything else that we feel suits our needs we would not hesitate to use your company again.
You have been an absolute star and I cannot thank you enough because we may have been pressured into paying a 3000 Euro deposit early on if it wasn’t for you and your valuable information.
Hopefully we will be successful at securing a property in Majorca in the near future and look forward to working with you again.
Kindest Regards and Highest Recommendations,
Catherine, Keith, Ray and Marie
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