Every month, we update you on our specialist markets or specific mortgage products. This month, we focus on Ibiza and our mortgage lenders, our most successful market.
We are a leading mortgage broker among retail banks in Spain. Driven by the demands of Ibiza property owners and buyers, our MD Premier team has expanded our panel to include international banks, private banks, bridging finance lenders, construction loan financiers, and bespoke mortgage lenders. This expansion provides options for equity release products and 100% mortgage financing, provided a minimum investment level is held with the bank. At Mortgage Direct, we collaborate with over 25 mortgage lenders daily, benefiting Ibiza property buyers and those in other parts of Spain.
Competitive mortgage rates
Mortgage conditions in Ibiza remain highly competitive. Fixed rates are as low as 1.25%, and variable rates start at 0.5%, considering the negative Euribor. Our client base in Ibiza continues to grow, attracting diverse nationalities. Our team of advisers speaks multiple European languages to better serve our clients.
Mortgage conditions remain as competitive as ever with fixed rates as low as 1.25% for the term and variable rates of 0.5% when considering the negative Euribor.
Financing for Rustic Land in Ibiza
We frequently receive inquiries about financing for properties on rustic land, without a “cedula de habitabilidad,” or with planning irregularities. Yes, financing is available. We evaluate each situation individually, working with partner valuation companies to understand property issues and mortgage suitability. In 2020, 32% of our Ibiza inquiries were for properties on rustic land.
Our MD Premier team in Ibiza is ready to discuss your requirements, no matter how complex.
