Mortgages in Spain why high rates With interest rates falling across the world it can be difficult to understand why Spanish mortgage rates are not lower than they are. The issue lies in the cost of funds for Spanish Banks, the fact they are almost precluded from the wholesale money markets, and the cost of […]
Monthly Archives: July 2012
17Jul
Spanish Banks cost of funding
11Jul
Difficulty of being granted a Spanish mortgage
Yesterday saw the announcement of a € 30bn rescue package from the Europe for injection directly into the Spanish Banks. As part of the negotiations The Spanish Government has agreed to hand over regulatory powers from the Bank of Spain to the European Central Bank. It is difficult to argue that the supervisory powers should […]
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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.
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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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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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