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: Will Roberts
- April 26th, 2023
- Category: General news
Spanish Mortgage – What documents do I need?
When applying for a mortgage in Spain, it’s critical to provide the full, correct set of documentation. If not, alongside delaying the process significantly, your Spanish mortgage application will likely result in an outright rejection. In many ways, Spanish banks work differently to those in other countries. It may seem that a lot of documentation […]
- By: Will Roberts
- April 5th, 2023
- Category: General news
Can Foreign Non-Residents Buy Property in Barcelona? A Guide for Buyers
Are you considering buying property in Barcelona? Whether you’re a first-time homebuyer or a seasoned real estate investor, this Spanish city offers an abundance of attractions and potential. But, even though the streets are lined with charming restaurants, stunning architecture, and lively nightlife scenes – there’s one burning question on the minds of many visitors: […]
- By: Steve Kennedy
- May 15th, 2022
- Category: General news
Costa Blanca: Beaches, limestone and mortgages for non-residents
Adviser Steve Kennedy tells the story of Costa Blanca and why one in six of our mortgages is in Alicante province, home to the Costa Blanca
- 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 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
- June 16th, 2021
- Category: General news
We’re hiring: Mortgage Adviser
Job description: Mortgage adviser with desire to learn and proven track
- By: Kevin Monger
- May 5th, 2021
- Category: General news
Special Purpose Vehicle (SPV)
A SPV is a legal entity – usually a Spanish limited company – that is set up for a specific business purpose in order to maximise tax efficiency. SPVs can be used for property purchase in Spain and can either cease to trade post-purchase or can be used for subsequent rental of the purchased property.
- By: Katherine Walkerdine
- May 5th, 2021
- Category: General news
Record month for mortgage enquiries
With the recent UK government announcement allowing foreign travel for certain activities including buying, selling or renting a residential property, we expect to see a surge in demand for property purchases and mortgage enquiries in Spain