Mortgages in Spain
Spain does not regulate Mortgage Advisers and there are some unscrupulous people conducting mortgage business in Spain to the detriment of their clients. Fortunately there are a number of UK qualified mortgage professionals who work here, where possible, to UK regulatory standards. A number of these people have come together to establish OMA – the Overseas Mortgage Alliance.
The Spanish mortgage Exchange is a member of the Overseas Mortgage Alliance
and can offer clients a complete mortgage service, we have no up front fees.
THE BENEFITS OF USING THE SPANISH MORTGAGE EXCHANGE
We can assist you with the following:- How much you can borrow
- Most competitive facilities available including terms
- Safest and most economical way to repay your mortgage
- Secure means to protect your home and family
- Assist in completing all your paperwork
- Advice on the documentation you must provide
- We will make certain that your loan application has the optimum chance of success
As well as arranging finance for purchasing property in Spain, we can introduce you to UK IFA .for assistance with financial services in the UK.
BUYING COSTS
The buying costs are much higher than the UK. If using a mortgage to purchase your property you should budget for up to 14% of the purchase price, to cover the fees and taxes
REGULATIONS
For all fiscal affairs you will need a foreigners identification number (NIE), you should use a Spanish lawyer, we can recommend an English speaking independent property lawyer.
For further information please fill your details on the contact us page.
YOUR HOME WILL BE AT RISK IF YOU DON’T KEEP UP THE PAYMENTS ON YOUR MORTGAGE
