Category Archives: Mortgage services

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 […]

New mortgage product in Spain 2014 has seen a more aggressive stance from Spanish Banks for the acquisition of new loans within the nonresident mortgage market. Whilst this is across the broad and we have seen a few new mortgage products being launched the Spanish Banks are focusing heavily on buyers from Northern Europe and Germany. […]

Official data from the INE on Spanish Mortgages As anticipated the level of Spanish mortgages granted in Spain for December 2013 followed the same trend as the rest of year and were down both month on month and year on year. The number of mortgages granted to residential dwellings in Spain during December were 12,329. This […]

New mortgage product is launched in Spain In response to Spanish Banks having lending targets for the first time in a couple years a number of new mortgage products in Spain have been launched by the Banks reversing the upward term previously seen on mortgage margins. In an effort to grab back some market share a […]

The Spanish national statistics office issued yesterday the loan data for November 2013. Overview of the figures showed another month of declines The data showed yet another drop in the amount of Spanish mortgages granted for dwellings and yet another month of net outflows and a reduction in overall mortgage book held across the banking industry. […]

Background on activity at the end of 2013 Back in late 2013 we started to hear rumbles from a number of the Spanish Banks that suggested there was a focus back on providing mortgages for buyers in Spain. Whilst Spanish Banks never completely withdrew from the lending game no Banks had mortgage targets, criteria’s were made […]

Spanish Mortgages what next for 2014 2013 was one of the worst years for mortgages in Spain since the crisis began.Mortgages granted hit an all time low and the net mortgage book of lenders contracted during the year. Margins above Euribor increased significantly and a few lenders withdrew from lending completely.Lenders retracted back to providing […]

Mortgage completions for dwellings in Spain saw another decline in September according to the INE who published their monthly report today. September Mortgage Headlines in Spain Overall numbers of new Spanish mortgages for dwellings dropped by a massive 30.9% in comparison to September last year and the amount of capital lent dropped by 34.7%. Year […]

The Spanish Bank, Bankinter announced this week they are dropping the margins above Euribor for both resident and nonresident Spanish mortgages. This is the first real sign that the Banks are looking to start re-building mortgage books rather than actively seeking to reduce them. Why it is important Banks lend money The last three years […]