Latest News and updates

INE lending data for November Mortgage lending for the month of November issued in January by the INE show that lending for the purpose of buying a home was up by 32.2% on the same month of the previous year. The level of Capital lent increased on 2015 by over 34% and the average loan […]

Spanish Mortgages background for 2016 2016 proved to be a rather indifferent year in terms of Mortgages in Spain with little changing for applicants on terms of criteria from the previous year. The year however saw a number of changes in particular for Banks in Spain some of which may have an impact on the market in […]

  Monthly Mortgage in Spain data The month of October according to the land registry showed a large dip in Spanish house loans made, and capital lent, against the month of September. This was however against a very buoyant mortgage market in the previous month. Annually when assessing the numbers against the same month of […]

The year so far Mortgages in Spain As 2016 draws to a close the Spanish Banks will be looking at a year of missed targets. Whilst none of the Banks will have reached the new loan levels they were looking at for the beginning of the year this has not relaxed criteria or seen competition […]

September mortgages in Spain Septembers completion of new home loans in Spain showed a marked increase to August levels. August in turn was improvement on July. In total 26.667 new mortgages in Spain were constituted in the month according to land registry. This was increase on last months figure of 20.609 and was 10% up […]

Mortgage legislation changes in Spain This month saw new regulations relating to a cooling off period for buyers contracting a mortgage in Spain where the signing is in Andalucia. The legislation changes which are only for loan signings made within the Andalucia region will lengthen the time it takes to get to completion. Also if […]

Who is affected by the drop in Sterling The drop in Sterling since the Brexit vote to leave the EU, and the large decline seen last week after the Conservative party conference will affect those looking to buy abroad. Buyers in Spain committed to a purchase already who have passed the point of Private Purchase […]

Spanish Banks experience a fall in new Mortgages After many months of consistent year on year increases Julys mortgage data show both numbers of and capital lent falling back in July. The two reporting agencies the Notary offices and the INE in Spain both showed a retraction of mortgages in Spain for the month of […]

Mortgages in Spain saw another month of increases in June. Whilst the data is another indication of a recovering market some of the data suggest that particularly in the resident market the recovery is still fragile. The number of loans recorded at land registry was 25,274 which was up 15.5% from the same month of […]

Re-mortgages in Spain In the last few years since the crisis in Spain the Banks have withdrawn from offering re-mortgages in any form. The reason for this was driven by the fact with numerous defaults themselves the lenders did not want to take over other lenders loans that might also go into default. What are […]