Category Archives: Mortgage services

Whilst many buyers in Spain are currently price and discount focussed when looking for a distressed or discounted property other considerations should be taken into account. If you buy a property that forms part of a large development with many vacant units you may get it at a very good price but what are the […]

Recent articles suggest Scandinavian buyers are active in Spain taking advantage of low prices and the fact their own economies are holding up better than most.

The other good news for these buyers is that unlike their European counterparts they have access to Spanish Mortgages via a Scandinavian bank whose loan to values have stayed at 80%, have low bank arrangement fees, very competitive rates and offer interest only up to 10 years.

For sometime now I have been asked by clients what I know of the Japanese Yen mortgages being offered in Spain. I have now been trying for some weeks to understand how this offer is being made and how real the offer is. My initial concerns about its validity purely stem from the fact that […]

Spanish Mortgage bad debt rules change Finally, yesterday the Bank of Spain announced a relaxation of the rules applied to banks when they have mortgages in arrears. Previously the level of funds a bank had to move to their balance sheet to cover bad debts was very high in comparison to the rules covering banks […]

John Howell Associates one of the leading international but UK based legal firms has announced it is to close from the 10th July.

Yesterday afternoon with no prior notice or indication Leeds and Holbeck in all but name withdrew themselves from the Spanish mortgage market. Is this a sign of further problems in the UK?

This weeks Spain “Paradise Lost” programme on ITV 1 was an overview of the market in Spain both now and in the preceeding years.

In May this year, the Bank of Spain and Spanish government passed a new rule that reduces the validity of valuation reports from 6 months down to 3 months. This change is a reflection on the volatility of values of properties in Spain and the Bank of Spain’s requirement to ensure that loans do not […]

UCI the mortgage-lending arm of Santander and BNP Paribas is one of the few providers still actively and aggressively providing Spanish mortgages. UCI only provides Spanish Mortgages via brokers and third parties so no mortgages no business which may explain why they are still very much in the market. Loan to values which were once […]

Latest rumours suggest that at least one bank in Spain has significant enough problems for the Bank of Spain to be required to step in.