Monthly Archives: October 2012

From the 1st of November in an effort to manage down volumes of Spanish Mortgages granted for 2012 Lloyds Spain have increased their minimum loan size to 100k from the current 50k. The new criteria will apply to all applications received after the 1st November.The only exceptions to this new minimum loan size will be […]

Key Data. The National Institute of Statistics in Spain today published the provisional mortgage data in Spain for August 2012. Data shows further drops in both number of and value of mortgages granted year on year. Redemptions or cancellations of mortgages yet again exceeded new loans completed reducing the overall mortgage books of Spanish Banks. […]

Euribor drops decreasing Spanish Mortgage rates Bank of Spanish published Euribor rates for completions and reviews in October has dropped from 0.87% to 0.74%. With new Spanish Mortgages being offered at an average rate of 3.25% above Euribor this drops the overall rate to below 4% for the first time this year

Last week saw the much awaited audit of the Spanish Banking system and figures came in at the lower end of expectation. Whether the markets believe these figures remains to be seen. For non residents buying in Spain requiring a Spanish Mortgage the issues with the Banks is less profound than for those residents. The […]