Category Archives: Mortgage services

January loan data in Spain Januaries reporting for Spanish mortgages was a mixed bag and good and bad news. The difference between the numbers reported by the INE and the Notary offices in January were very large. Because each body draws its information from different sources there is always a difference between the two but in January […]

When is a mortgage approved Mortgage applications in Spain can be a little confusing unless it is made clear to the applicant what the process is with the Bank they are applying to and at what point the loan is secure and fully underwritten. Unlike other countries like the UK the Banks in Spain do […]

2015 mortgage and purchase results in Spain Last month saw the final results for Mortgages in Spain for both the month of December and 2015 accumulated. Data released by both the INE (statistical office) and the official body for the Notary offices showed growth for December and an increase in all areas of the housing and […]

Over view of Spanish Loans in 2015 In 2015 from a very stagnant nonresident loan market in the last few years, steady and consistent growth of Spanish mortgages was seen across the board. Spanish Banks looked during the 12 months of 2015 to reverse the trend of diminishing books of mortgages in Spain, raised branch targets and […]

Data for November suggest the recovery continues in Spain both in terms of house sales and mortgages in Spain granted within the month but the recovery is slow and lacking in some momentum in certain areas. House sales House sales which are reported on by two key bodies in Spain, this being the INE and […]

 Fixed rates versus variable rates in Spain Why should an applicant opt for a fixed rate when arranging a mortgage in Spain and for who and when is this the most appropriate product type. Background In Spain up until recently not all Spanish Banks offered a fixed rate product and when they did it was often very […]

Lending and purchases Data issued in December continues to show that the mortgage market in Spain is improving. Loans are on the increase both in terms of numbers of,capital lent and average loan size on a year on year basis. House sales and house prices have stabilized and show some growth in certain areas but […]

Mortgage cancellations lower than new completions in September For the first month in well over 6 years the number of home loans newly constituted in Spain outstripped the amount of loans cancelled. Data released this month, taken from land registry by the statistical office for September, showed that more than net 2,814 new Spanish loans were added […]

Is a sustained recovery on its way in Spain Data for 2015 suggests that we are now seeing some continuity in the recovery of the housing market and mortgages in Spain. Across the board the statistics to date show that more homes are selling and more mortgages are being granted. The only area still under […]

Fixed rate availability In a marked wind of change Spanish Banks are promoting fixed rates. For many years in Spain whether for resident or nonresident loans variable rates have been the favored choice of the Spanish Banks with over 95% of all Spanish mortgages completing each month on a variable tracker basis. In the last […]