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
- By: Katherine Walkerdine
- March 1st, 2023
- Category: High net worth mortgages
Meet the Mortgage Direct Premier Team
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.
- By: Katherine Walkerdine
- January 14th, 2023
- Category: Newsletters
Newsletter (Jan 2023): Will the Euribor continue to rise?
Read our newsletter where we discuss rising Euribor rates and Q4 mortgage market slowdown followed by a great start in 2023.
- By: Katherine Walkerdine
- October 19th, 2022
- Category: Newsletters
Q3 Spanish mortgage market update
Read our Spanish mortgage market newsletter for Q3 of 2022 about Euribor development, Spanish buyers and current conditions available.
- By: Katherine Walkerdine
- April 11th, 2022
- Category: General news
7 essential things you need to know about Spanish property valuations for mortgages
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.
- By: Katherine Walkerdine
- March 19th, 2022
- Category: General news
Targeting German property buyers
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 […]
- By: Katherine Walkerdine
- February 21st, 2022
- Category: General news
Interest rates for foreigners in Spain
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 […]
- By: Katherine Walkerdine
- February 21st, 2022
- Category: Newsletters
Newsletter (Feb 2022): Low Interest Rates, Mortgage Costs and Mortgages based on rental income
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 […]
- By: Katherine Walkerdine
- February 1st, 2022
- Category: Our team
We now have French, German, Dutch, Portuguese & English speakers!
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 […]
- By: Katherine Walkerdine
- February 1st, 2022
- Category: General news
Newsletter (Feb 2022): Portuguese Mortgage Market Review 2021, Bridging Finance and Advice in Five Languages
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 […]
- By: Katherine Walkerdine
- January 22nd, 2022
- Category: Bridging finance
Bridging finance in 2022
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. […]