Category Archives: Mortgage services

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 […]

Non resident and resident mortgage market performance in Spain, first half of 2014 Spanish Banks will have got to the half year end well behind on completion targets in both the resident and the non resident mortgage market. The residential property market remains depressed except in the area of non resident property purchases and net outflows […]

In a rather unexpected turn of events, given Spanish Banks have lending targets this year and are actively looking to lend, Aprils mortgage figures in Spain were down on the previous year. April mortgage statistics Overall lending in Spain dropped by 13.4% in comparison to the same month in April. The average loan size rose slightly […]

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 […]