Spanish mortgages, finance and loans for spain and spanish properties

Mortgages in Spain are arranged on a full status basis, therefore proof of income is required by the mortgage lenders and rental income from any property will not be taken into consideration.

Mortgages can be arranged on a capital repayment or interest only basis and lenders normally only allow a maximum advance of 85% of the valuation or purchase price, which ever is lower, but the maximum advance will be at the discretion of the lender concerned. Mortgages are available for purchases of new property, re-mortgage on an existing property, purchase of land or for home improvements. Due to mortgages being based on income, there are no minimum or maximum loans amounts and the maximum term available on a mortgage is 30 years, subject to age. Mortgage loans are only available in Euros.

If you would like more details on mortgages for Spain, please complete our enquiry form and one of our Overseas Mortgage Consultants will contact you to discuss your requirements further.