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Special Purpose Vehicle Mortgages (SPV)

Lending to a company in Spain

Special Purpose Vehicle Mortgages (SPV)

Many of our clients choose to set up Special Purpose Vehicle (SPV) companies to purchase their properties in Spain. A Special Purpose Vehicle as an investment type might be shell companies that will have no future trading activity post-purchase or companies set up specifically to buy and rent out properties, in each case with the objective to be as tax efficient as possible.

We can also arrange mortgages for foreign companies buying properties in Spain, although most banks still require that a Spanish limited company is set up to be the direct owner of the property. 

The banks will always apply their own affordability criteria in order to approve an application of a Special Purpose Vehicle. As a result, we will therefore base our own analysis on either the Company Directors or Shareholders, who may also be required to give personal guarantees or a fully operating parent company, which would also be expected to guarantee the borrowing.

Before buying a property in the name of a Special Purpose Vehicle company, we recommend our clients take the necessary tax advice first. We work in conjunction with some of Spain’s top tax, wealth and Inheritance Tax Planning (ITP) firms who will be able to advise you on the best way to structure your purchase.

We understand that every transaction is unique in its own way. For a free, no-obligation consultation, please contact us or request to contact to speak with one of our experienced advisers and we will be delighted to assist you.