18Mar

Repossessed property in Spain

Buyers wishing to get some idea of what repossessed property bank of Spain have available should visit website www.idealista.com There is both a Spanish and English version and many of the banks advertise their stock on the site. This includes well known names listed below as well as smaller more regional Spanish Banks Sol Bank […]

08Mar
24Feb

La Caixa Downgraded By Rating Agencies

La Caixa who will be one of the first Caja’s to list themselves has been downgraded by the rating agencies. The rating agency sights new liquidity requirements being implemented this year, rising defaults and cost of funds which squeeze margins as the core reasons for this downgrade. La Caixa unlike some of its same size […]

16Feb

Spanish Mortgages Floor Mortgage Rates

It is reported this week that a court is looking into the practices of Spanish banks including floor rates to which a rate cannot drop below in their mortgage deeds. This practice has caught out many non-residents in the past who have been unaware of this restriction placed in their mortgage deed. The inclusion of […]

01Feb

Santander Spanish Mortgage Changes

Have you had Spanish mortgage offer changed by Santander? Need an alternative Spanish mortgage due to Santander’s product changes? From having one of the best mortgage products on the market in the last two weeks Santander have changed policy and now have the worst offering. Santander have moved from 80% loan to value to 50% […]

27Jan
25Jan

Spanish Banks Change Margins for Spanish Mortgages

Changes in margins for Spanish Mortgages As banks in Spain continue to find the raising of funds difficult and costly so their requirement to widen margins has continued. January so far has seen many banks increase margins above Euribor for their variable products and increase their fixed rate offerings to reflect the tough market conditions in […]

25Jan

Beware Of Life Policies Linked To Spanish Mortgages

Beware of what you are signing! As banks in Spain continue to struggle to make Spanish Mortgages profitable, so the requirement for linked products has increased. For many lenders this requirement can only be enforced for the first year and cancelled by the client for subsequent years as the product is not written into the […]