Category Archives: Mortgage services

Mortgage data issued today showed a mixed bag of results Whilst the number of Spanish loans and capital lent for homes appears to be gathering momentum, total lending showed a decrease year on year.With capital being lent for the purchase of residential dwellings up annually by 37.1% the drop of 0.6% of total capital lent […]

Spanish Banks and their approach to transparency Over the years of arranging mortgages in Spain one develops an understanding of the behaviors of each Bank offering mortgages and the efficiency of their processes. Some Spanish Banks offer good headline rates and make it difficult to justify not recommending them but good rates are only part of the […]

Spanish lending whats new Last week saw the launch of Hola Bank a division of Caixa bank set up to meet the needs of overseas clients. Branches in the Spanish coastal areas and Barcelona have been selected to be rebranded as Hola. The mission of the new network is to capture 25% of the nonresident mortgage […]

Total mortgages completed in Spain for dwellings in January were 20,913 up 20% on the same month of the previous year. Key Data The average loan size in Spain stood at € 105.792 an increase of 4.3% when compared to the same month of the previous year. At present there is no obvious trend that […]

Data published today for new loans constituted in December 2014 have shown another consecutive month of year on year increases. Lending for homes Loans registered at Land registry in Spain for the month of December showed an increase in capital lent, numbers of loans and an increase in average loan size. 15,962 loans were granted a 28.9% […]

Spanish home loans Since 2014 Spanish Banks have been back in the game of credit. This process has gathered steam during the latter part of 2014 and into 2015. Rather than looking at their product portfolio as a total and deciding on pricing matched to criteria and offering a range of products flexible enough to […]

Spanish Mortgage Overview Mortgage figures released today by the statistical office in Spain have shown a healthy year on year increase in numbers of loans granted and completed of 14.2% when considering residential dwellings. The number of new loans for the purchase of a home in Spain reached 15,900. The average loan size dropped by […]

What happened in 2014 The Spanish mortgage market moved forward in 2014. From a prolonged period of stagnation with most lenders looking to reduce their overall mortgage books finally in 2014 the trend was reversed. Spanish banks launched a new product with improved terms and conditions, also introduced loan budgets and targets for the first time […]

Purchase taxes in Spain This week an article in the Mail online outlined the continuing issue buyers in Spain are experiencing with the regional tax offices in Spain. When buying ITP is payable which is the equivalent of UK stamp duty tax. This tax level varies from region to region with Madrid being the lowest at […]

October Lending data October’s completions as reported by the INE in Spain showed an unusual but small decrease in the average value of capital lent for residential purchases in October. Numbers of mortgages however increased by 18% over the amount of the loans constituted in October 2013 so actual capital lent increased. For Urban property the […]