Category Archives: Mortgage services

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 […]

Why use a broker for arranging a loan When looking to obtain a property loan in a foreign country it can be a good idea to appoint on your behalf an experienced and professional advice company. A good adviser can ensure you understand the idiosyncrasies of the market and that you have access to the best possible […]

September Spanish Mortgage Completions For another consecutive month the amount of loans contracted by borrowers in Spain, during the month of September, increased again. This is now the 4th month that Spanish mortgages for dwellings has shown an increase after years of Spanish Banks reducing the loan levels and general low levels of activity for both […]

Year on year lending activity. August loan completions increased in August both in numbers of and capital lent against the same month of the corresponding year. The average value of home finance in Spain also spiked, up 5.8% to € 102.430. Average loan sizes are now up on an inter-annual accumulated basis when looking at 2013. […]

Data issued today by the INE statistical office in Spain show a second month of year on year increases in numbers of Spanish Mortgages constituted. Completions for the month, when looking at number of loans for dwellings, was up 28% on the same month of the previous year the best monthly increase seen since the banking […]

The last few months have seen some movement both in terms of product availability and the terms and conditions for Spanish Mortgages. With property prices now being reported to be rising in Spain for the first time in years activity in Spain is at its highest for long time. After many years of Spanish Banks restricting, […]

Spanish Hipotecas increase in June For the first time in many months Spanish loans showed an increase in June in comparison to the same month of the previous year. After years of the Banks in Spain reducing overall lending finally we have a month where more loans were constituted than the same month of the previous year. Whilst the […]

Figures out today from the statistical office for mortgage completions in Spain during the month of May will not make happy reading for the Banks in Spain. Background to lending completions in Spain After 5 years of zero lending targets and a desire to reduce their overall book, in 2014 the Banks opened the doors again and most […]

As predicted in my earlier updates on the Spanish mortgage market the Banks have reached the half year well behind on mortgage targets. Spanish lending targets for 2014 Meeting the large targets at the beginning of the year was always going to be a tall order for the Banks who could not expect, just because they […]