Category Archives: Mortgage services

Who are TINSA TINSA IS are one of the major valuation companies used by Spanish Banks when evaluating property in Spain for the purpose of a mortgage publish each month a report on average price per square meter. The report uses 2004 as a base and tracks the average price per meter square over the last […]

Spanish Banks who traditionally offer Spanish mortgages on a variable trackers and complete on only a small percentage of fixed rates, may be about to buck the historical trend. Fixed rate mortgages in Spain have in the past been at much higher rates than the underlying variable and difficult to apply for. Issues with fixed rates […]

The Institute of National Statistics issued today the first quarter house price data for 2014. The figures published today support the assumptions that Spanish property prices are bottoming out in general across Spain and the view that by 2015 prices may in fact start to grow again. Since 2007 property prices in Spain have fallen […]

Issued today was the Spanish mortgage data relating to March of 2014. Key indicators Since January 2014 Spanish Banks have had lending targets but the first two months of year showed little movement in terms of increases in either number of loans granted or capital lent. For March 2014 we have finally seen a year on […]

A recent article in the Telegraph Retirees snap up cut price property in Spain written by Nicole Blackmore outlined the increase in UK residents between the ages of 40 and 60 years looking to buy in Spain. The resurgence of activity in Spain is due to much lower prices and strong exchange rates. Funding of a […]

Barclays UK today announced a number of cuts to its banking operations across its worldwide portfolio.Cuts in personal in the UK will total 19,000 to be shed by the end of 2016. Barclays leaving Spain Part of the overall cutbacks includes the shedding of its 250 branches in Spain. The Spanish retail banking operation will […]

Last week saw a number if the major Spanish Banks report their first quarters figures. In general the numbers reported by the Spanish Banks showed a steady improvement both from the last quarter and on a year on year basis. Profits started to show some recovery and bad debts for mortgages look to have reached […]

Mortgages in Spain for February 2014 The monthly mortgage data for mortgages in Spain was issued today by the statistical office for the month of February this year. Despite a general feel that on the property side things are starting to move with an increase in the number of people looking to buy in Spain, this […]

Announced today are changes to the way UK Banks will assess affordability for borrowings. Moving away from only looking at gross multipliers of income UK Banks will now adopt a more focused view on overall affordability when assessing a mortgage application for financial approval. What are the key changes to risk assessment in UK Previously […]

Key Spanish Mortgage Data Monthly mortgage figures for January in Spain showed no respite in the overall decline in mortgages constituted in Spain. January’s figures will still be affected on a year on year basis by the fact an unusually high level of purchases and subsequent mortgages were constituted at the end of 2012 due […]