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Spanish Mortgages and Foreign ExcHange

SPANISH MORTGAGES

With such competitive mortgage rates in Spain, it is always worth considering Spanish mortgage finance even if you do have sufficient capital to purchase your villa at La Cala outright. The financial services market in Spain is considerably less developed and competitive compared to the UK.

However, we offer a range of REPAYMENT and INTEREST-ONLY Spanish Mortgage options. Our mortgage advisors are on-hand to find you the best mortgage product that suits your individual circumstances.

FOREIGN EXCHANGE

If your principle income is not paid in Euros then you will need to keep a close eye on foreign exchange rates. We have partnered with Moneycorp in order to assist you in finding the best rates, in turn saving you money on your currency transfers.
 
 
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What you need to get a Spanish Mortage >>

 MORTGAGES AND THE JOINT OWNERSHIP PURCHASE SCHEME

Our Joint Ownership Purchase Scheme has been designed with Spanish Mortgage finance in mind. This means that the income from all prospective buyers is taken into account when applying for your mortgage.

This way you can jointly borrow more than any single individual and decide upon the relative percentage shares each of you will assume responsibility for.

  Buyer Annual Income (€) Joint Loan Amount % Share Monthly Payment (€)
Joint Buyer 1 50,000 Bank lends €240,000 over 25 years, 4% pa to all 3 buyers in respective shares 50% 628.68
Joint Buyer 2 30,000 30% 377.21
Joint Buyer 3 20,000 20% 251.47

NB. The above is provided for illustration purposes only and to show the benefits of sharing a mortgage liability amongst joint purchasers. Percentage shares to be decided amongst purchasers. Monthly payments are approximate.
AT-A-GLANCE MORTGAGE CALCULATOR - DOWNLOAD! >>
CURRENT RATES

Spanish mortage rates are set relative to the EURIBOR (Euro Interbank Offered Rate) with all banks adding their margin to this rate to arrive at the rate they offer to you.

Learn more about the EURIBOR >>
  Non-Resident Mortgages
Current Rates around 4% p.a.
80% Loan-to-Value
Up to 30 Year Term
Up to 10 Years Interest-Only
 
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CURRENCY CONVERTER





MONEYCORP

 TRADING FACILITY
GETTING THE BEST RATE

 AN EXAMPLE



WHAT ARE THE KEY BENEFITS?

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