Not only is Spain an ideal place for a home or second residence, it may now also be one of the best places to request a mortgage.

   Spanish law provides for strong consumer protection and mortgage trans­parency Interest rates are lower than ever before. In addition, the repayment period can range from five to twenty years or more.

  We act as intermediary using our experience and knowledge of the products available to ensure our clients obtain the best possible conditions for their mortgage.

  We will help you understand the various rates, fees and loan conditions and advise you on what documentation is required.

  We also, can help you raise finance on your U.K. property should you wish for example, to release equity to assist with purchasing your Spanish home.

   We are able to provide an array of mortgage products from a broad range of lenders to assist with the purchase of your Spanish property. These include:

• Interest Only Mortgages
• Capital and Repayment Mortgages
• Low Start Mortgages
• Non-Resident Mortgages
• Resident Mortgages
• Commercial Mortgages
• Equity Release Mortgages
• Non Status (no proof of income)

    Two important factors to keep in mind when considering requesting a loan are: the value of the property you are interested in purchasing and your income.

    The official value of your house is the key, not only is to make sure the asking price on target, but also because most financing entities will lend a maximum of 70 to 80 per cent of this value. The percentage lent will depend on the financing institution and whether or not the applicant is an official resident of Spain.

   You will need to provide the financing institution with an identity card and a fiscal identification number (NIE Number) as well as certification of your income or financial situation.

  You should seek sound legal advice from a Spanish professional able to act in your interests, be the person, a lawyer or a real estate agent. Your elected professional advisor will check that the property is registered in the seller's name at the Spanish Land Registry & that there are no charges against the property. They will also ensure that the receipt for the annual Real Estate Tax (IBI; Impuesto de Bienes Inmuebles), and the Community fees have been fully paid.