Holiday home mortgages

Holiday home mortgages are available for private non-resident property buyers, who are not Spanish residents.) 

Holiday home mortgages

Construction mortgages

Construction mortgages are for property buyers who wish to build a new house from the ground up or to renovate an existing property. The maximum borrowing amount is generally 50 percent of the plot cost plus 70 percentof the cost of the works.

Primary residence mortgages

Primary residence mortgages are for those who will live in their property in Spain as their main residence and pay their income tax here. 

It's possible to secure mortgages up to 80 percent of the property purchase price (when you are a Spanish taxpayer) with rates from Euribor + 0.99 percent or fixed rates from 1.95 percent

Investment mortgages

Investment mortgages are for those property buyers planning to rent out their property after purchase. Generally speaking, banks will only offer 50-60 percent of the property purchase price (or valuation if lower) for these types of mortgages.

Commercial mortgages

Commercial mortgages, including mortgages taken out by companies, are for those who seek to buy property for commercial purposes and might include investment mortgage. Available up to 50 percent of the property purchase price with rates from Euribor + 2.1 percent.

Bridging finance

Mortgage Direct can help you arrange Bridging Finance throughout Spain for amounts in excess of €500,000 for loan terms of up to 36 months and up to 65 percent LTV.