02Sep
use a qualified mortgage broker

Spanish Mortgages in 2024

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.

05Aug
Obtain mortgage to buy property in Spain

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
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
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.