UK clients are used to a myriad of mortgage products including fixed rates, variable rates, tracker rate, discount mortgages, capped rate, offset mortgages etcetera. In Spain, there are basically only two mortgage products available to non-resident clients purchasing a property here.
Euribor stands for Euro Interbank Offered Rate. As the name suggests, Euribor is the average interbank interest rate at which European banks are prepared to lend to one another. Why do banks lend to one another? Banks in the Eurozone do not always require all of their disposable liquidity and at the same time there …
Once you have decided to purchase a property in Spain, it is important to budget for all of the costs associated with the transaction, including the taxes. If you are buying a second-hand property, you will pay what is known as ITP (Impuestos de Transmisiones Patrimoniales) and has been in existence since 1993. This tax …
What Taxes Do I Pay When Buying A Property In Spain? Leer más »
Dealing with remortgaging your home in your own country is hard enough, however, throw in a language barrier and different laws and you enter the unknown. That doesn’t need to be the case, Mortgage Matters Spain can advise and offer remortgage options in Spain, fully explained in Spanish, English, and French for your peace of …
The summer here in Marbella has been a busy one with several property transactions taking place, although an air of calm and sensibility due to the current restrictions we are all under. Sales have continued from investors all across Europe, new developments are now coming on and interest is picking up once again as summer …
Important Notice! Spanish banks are tightening upon those that can offer mortgage broker services in Spain, just as the FCA did to financial advisors in the UK. Things have changed and finance regulations are the best they have ever been. That’s why, we are pleased to announce that Alison Lowther de Cotta trading as Mortgage …
Is Your Mortgage Broker Regulated By The Bank of Spain? Leer más »
We are seeing a surge in requests for finance from international clients who are buying in Spain. During lock-down, we heard about an upswing in overseas buyers showing an interest in buying abroad – particularly in France, Portugal and of course Spain. It was reported that the figures were up 33% in May 2020 compared …
Latest surge in enquiries from remote workers following lockdown Leer más »
WARNING! Mortgage brokers need the necessary qualifications to provide financial advice on mortgages. Always make sure your mortgage broker is fully regulated in Spain! Back in June 2019, new Spanish mortgage regulations, were implemented in Spain, in line with the EU mortgage directive. This brought with it important changes relating to mortgage brokers, who are currently …
Make Sure Your Mortgage Broker Is Fully Regulated In Spain Leer más »
Now you can remortgage in Spain thanks to recent law changes in 2019. The new changes to Spanish mortgage law which came into force in June 2019, now makes the possibility for clients to re-mortgage their properties in a much easier and more accessible way. If you took out a Spanish mortgage between 2012 and …
Are you considering or have you agreed to purchase an off-plan property prior to the Coronavirus. Many of our clients put a deposit down on an off-plan property before the Coronavirus crisis happened. This is a common process, due to build times and forward planning, it also enables buyers to get the best prices before …
Life goes on in Spain under what we now see as the new normal. We are all getting used to working from home now. After 6 weeks of lock-down, it has become a reality having all of the family at home each doing different activities – online classes, homeschooling, working remotely, meal-planning, indoor exercising etc. …
Can I apply for a mortgage holiday on my Spanish property? Over the last week, I have been asked by several clients whether they would be able to take a mortgage holiday on their mortgage on their Spanish property. WHAT IS A MORTGAGE PAYMENT HOLIDAY? A mortgage payment holiday is where your mortgage payments are …
