Can anyone recomend a good place for a spanish mortgage?

Question

Can anyone recomend a good place for a spanish mortgage?

Answer 1

We have a mortgage with Bankinter, which has been quite good. All mortgages are done through the banks, but you must get mortgage cover, for if things go wrong. Not many banks advertise this. You will have to show income of course, all the things you'd expect to show in UK really. But you have to pay a 'setting up fee' which is quite steep. Maybe a couple of thousand euros. But the rates are good at the moment and you can still get fixed mortgages here if you want.

Answer 2

Solbank is proabably one of the best banks to speak to.

They deal mainly with foreigners - particularly the English living on the Costa Blanca and Costa Del Sol.

I have been with them for thirteen years and never had a problem.

Answer 3

For starters; try the Norwich & Peterborough Building Society. Their Gibraltar branch can arrange a Spanish mortgage. Most banks in Spain also offer mortgages, and there are lots of financial consultants who could help you, but you need to live here to look around. Barclays also have branches here. Good luck. Ed.

Answer 4

A spanish bank! And dont try to do things by 'remote control' get yourself here to speak with the bank managers. You will need to open some form of account to begin with, mortgages for non residents are available, but you will not get all ther cost of the house/apartment on mortgage, 100% are only for residents in 99% of cases, most banks will only offer 60-80%, and don't forget, you will need to add 12% approx to the cost of any property for taxes. Other 'lenders' here will charge extortionate commisions and will have small print clauses you will miss and they often ask for a fee up front but often there's no guarantee of acceptance for any mortgage. Best to go direct to a bank and talk to them. Most coastal banks speak english, you will need supporting paperwork, and possibly credit reference reports as well, we know because we know someone who'd been asked for that

Answer 5

La Caixa

Answer 6

SPAIN !!!!.

Answer 7

Use the web.

Answer 8

Ahhh ...........Spain!

Answer 9

Most people who are buying property here go to one of the banks, there are too many to list them here. Also, depending on the location, some banks are more prolific in one area than in other areas. Interest rates are currently pretty good and are (I think) set about once a year. Be aware though of setup and early redemption fees. You need usually to be able to prove your monthly income, so if you are buying in Spain but still living in your home country you will need to bring several pay slips over a period of time with you when you visit the banks. In some cases, I have seen people negotiate with the banks so it is worth to shop around.