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Golden visas & High-net-worth clients

Golden visas

We can assist non-European Union (EU) nationals who are seeking residency in Spain via the ‘Golden visa’ legislation.

To be eligible for a Golden visa, clients have to inject €500.000 cash (excluding fees and taxes) into a Spanish property purchase. Many buy properties in cash for this amount or above and qualify directly as a result. For those wishing to purchase more expensive properties and limit their cash injection to €500.000, they can top-up with a Spanish mortgage. If, for example, the property price is €800.000, the client can secure a €300.000 mortgage against the property and still qualify for the Golden visa due to their cash injection of €500.000.

The legislation also states that the investment can consist of the acquisition of one or more properties and they do not need to be acquired at the same time. This means that the €500.000 can be invested over time if necessary and mortgages can be used with each purchase to bridge any shortfalls if necessary. Once the total cash injection reaches €500.000, the clients can apply for the Golden visa.

At the moment, citizens from Russia and China make up the largest groups applying for the Golden visa, although the rules apply to anyone not currently allowed to travel freely within the EU (or Spain).

If you are interested in discussing the possibility of obtaining a Golden visa, do not hesitate to contact us and one of our advisers would be happy to discuss this with you.

High-net-worth clients

There are many ways we can assist high-net-worth clients. Firstly, we can offer the very best conditions for mortgages, such as interest rates, loan-to-values etc. We also provide the very best service in terms of speed of delivery and having the right contacts at each bank or lender. We understand what high-net-worth clients expect from a broker in terms of service and discretion. Uniquely, we have UK-qualified advisers who have many years of experience dealing with high-net-worth individuals in both the UK and Spain.

We have provided alternative finance solutions for clients who may have a sophisticated investment portfolio. We can help put together back-to-back loan arrangements secured against listed investments. This can be where the lender takes over as custodian, or where a guarantee is provided by the existing custodian of the assets. An example of this is as follows:

A client has a variety of UK blue-chip shares in oil, retail and pharmaceutical companies and the lending bank simply takes over custodianship of the portfolio and the shares remain where they are. Within reason, the client can still actively manage the portfolio, buying and selling their shares. The interest rate charged on the Spanish loan is attractive (between 2-2,5%) and the overall costs are usually much lower than with a conventional Spanish mortgage.

If you are a high-net-worth client and wish to discuss Spanish mortgage options in complete confidentiality, please do not hesitate to contact us and one of our advisers will be glad to assist.

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