Bancaja the last remaining lender in Spain who as standard allowed a loan size for non-residents to be as high as 80% of purchase price if valuation fell within 70% have tweaked their scoring system so it rejects automatically any applications put to them on this basis. Only cases loaded at 70% of valuation and […]
13Nov
13Nov
Changes to Halifax Switch And Save Spanish Remortgage Product
Minimum loan level increase for re-mortgages in Spain This week on top of rate increases the Banco Halifax Hispania announced it will be increasing the minimum loan level for its Switch and Save re-mortgage product in Spain to € 140.000 from its current € 100.000. As this product remains, the most cost effective route to […]
13Nov
Low Rate Spanish Mortgages
This week further to my comments on Low Rate Spanish Mortgages and Dominion Credit, I received a correspondence from a client who has had experience of dealing with them. It would appear my concerns about their Spanish Lending facilities have some validity and there remain many unanswered questions about these two companies. The comments from […]