Fantastic service! We had a slightly complicated situation due to being non-residents and thought we would only be able to get a variable rate mortgage. Will was able to get... read on
We’re pleased to announce that our HNW team is growing! Not only can we liaise with you, your advisers and counterparties in multiple languages, we are located in all the markets you need us, from Barcelona to Ibiza, Mallorca to Marbella and Portugal as well.
Read our newsletter where we discuss rising Euribor rates and Q4 mortgage market slowdown followed by a great start in 2023.
Along with the Affordability Assessment you will carry out with your mortgage broker, one of the other things you should consider at an early stage is a valuation of the property you wish to buy. With various legal complexities applying to properties in Spain, the property appraisal can be key to having a mortgage approved.
As mentioned in our January newsletter, the latest data from the Association of Spanish Land Registers shows that German property buyers were leading the way as the largest group of foreign property buyers in Spain. As mentioned in The Times, at the end of last year: “Spain’s land registry recorded that German buyers accounted for […]
For a standard non-resident profile, typical mortgage interest rates are 1.75% fixed for 25 years and Euribor + 1.5% for a variable rate mortgage. The Euribor has recently risen though remains negative at -0.285 at the time of writing. This currently results in a variable interest rate of 1.22% which would typically be revised every […]
Welcome to our monthly newsletter. It feels like every person we have spoken to in the past 2-4 weeks has mentioned how incredibly busy they are. This is across the whole property industry; lawyers, valuers, consultants etc, not just estate agents. One agent we spoke to who sells new build, off-plan properties said they had […]
In terms of the nationalities buying in Portugal, from our own statistics, the Dutch are leading the way followed by the British and then the Germans. Full details are illustrated below. We are pleased to confirm that our advisers have all the languages covered for these buyers except for Italian. We have been actively looking […]
Welcome to our first newsletter of 2022! We hope you have all had a great start to the year and are looking forward to the year ahead. We are pleased to confirm that last year was another “Best Year Yet” at the Mortgage Direct headquarters and we now have 5 mortgage advisers operating in this […]
Bridging loans serve as an alternative to a mortgage where finance is needed for a shorter term than is typical for a mortgage, when the loan is repaid by a planned future transaction (usually the sale of the asset itself or another property). We are noticing an increase in demand for this type of finance. […]