Latest News and updates

Number of Spanish lenders lending Mortgages to non residents decreases The last few weeks have seen more Spanish Banks remove fixed rates. As an option for a mortgage in Spain . Therefore non euro earners struggle getting Spanish loans. Whilst most lenders have stipulated currencies by which they will still lend. For variable rates. An increasing […]

In December of 2019 Mortgages in Spain average loan size fell to 122.1% down 4.2% over Dec 2018 and down 5.9% against the previous month. The number of loans in Spain reached 30.285 up 3.9% against November and 43% over December 2018.

Bank of Spain quarterly survey The Bank of Spain has issued its quarterly report on Bank lending. For Q4 2109. The data for Bank lending in Spain is open to question. Is compiled not from statistics but from a questionnaire sent to participating lenders. Given the lenders may wish to politically skew some of their answers. […]

Spanish Lending figures in October Lending in Spain improves in October. Octobers Spanish loan figures showed an improvement on the dismal figures from last two months. But remained depressed against October 2018. How much of this is still due to a backlog. From the regulation change is difficult to tell. After 3 months in row […]

Septembers loan data for Spain released by INE. Loan levels in Spain under pressure in the month. As was the same in August. For Spanish mortgages . The month of September was well down on the previous year. It would appear completions still get delayed post the new regulation and processes. Indicators like level of loans […]

New Spanish loan regulation takes its toll on August completions Data published by the INE in Spain today showed new mortgages take a hit in Spain. Delays in completions. Caused by the new regulatory requirements implemented in June. The INE takes its data from Land Registry. Rather than the Notary offices. This causes a lead […]

Sabadell fearful of Brexit impact This week saw Sabadell Bank drop loan to values for UK residents. Therefore becoming the first lender in Spain to officially change its Spanish loan criteria. For UK residents. Whilst Sabadell throughout the Banking crisis maintained 70% loan to value. For clients wanting a mortgage in Spain. Those who comfortably […]

What is the legislation and how does it affect borrowing in Spain Currency legislation affects Spanish borrowing. One of the more negative outcomes of the regulation changes on Mortgages in Spain has been the interpretation of the currency legislation. This allows borrowers to request a change of currency on their loan.In certain circumstances. The new […]

Current trends July home loans up in Spain. Normal trends in Spain are for Julys figures to be below June. This year the trend was reversed. Maybe due to a number of delayed completions from June. These being the Mortgages in Spain that fell foul of the new regulation requirements. Implemented mid June. The new […]

Whats affecting the loan market in Spain Property sales to UK nationalities has dropped off in last couple of years. over Brexit fears. Also uncertainty of its financial impact. This has had an affect on European non resident borrowing Spain. At the lower end of the price market. Due to the low price of property […]