Soy un extranjero no residente en España y recibí la ayuda de Mortgage Direct S.L. para obtener un crédito y comprar el apartamento de nuestros sueños como familia. Especialmente, Martine... read on
- 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: Howard Steel
- March 19th, 2022
- Category: HNW Mortgages
The Challenges of Mortgage Regulation in Spain – How are HNW clients affected by lender’s restrictions on currencies?
The ‘Ley Hipotecaria’ continues to be a hot topic. It’s clear that banks are still struggling to implement terms that comply with the mortgage regulation despite it being on the verge of its 3 year anniversary. Having said that, we are advised that the Bank of Spain is now moving from the implementation phase to […]
- By: Katherine Walkerdine
- March 19th, 2022
- Category: HNW Mortgages
Meet the Mortgage Direct Premier Team
We’re pleased to announce that our HNW team is growing! Not only can we liaise with you, your advisers and counterparties in multiple languages, we are located in all the markets you need us, from Barcelona to Ibiza, Mallorca to Marbella and Portugal as well. Howard Steel Fluent in Spanish and English, and holding UK […]
- By: Howard Steel
- March 19th, 2022
- Category: Case Studies
Case Study: 100% Mortgage Financing for HNW Client in Barcelona
Transaction Overview We were approached by a HNW client looking to purchase property in Barcelona for €3.2m, from where they would be spending much more time as a result of Covid and changes to their lifestyle. Initial Challenges We were recommended to the client by a lender that was unable to assist due to geographical […]
- By: Howard Steel
- March 19th, 2022
- Category: HNW Mortgages
Balearic spotlight in conjunction with Tecnitasa
We’ve teamed up with Tecnitasa to try to give you an insight into what’s happening currently in the Balearics and key market trends. Being one of the most highly regarded mortgage intermediaries on the Balearics and given the increase in transactions and property values that we’ve seen in the last few years, we’re regularly asked […]
- By: Bozena Brunowska
- March 19th, 2022
- Category: Case Studies
Case Study: Moving to Spain
I was contacted by a client who was selling his UK property and had just made an offer on a property in Spain with the view to move to Spain permanently once both transactions were completed. Buyers Profile The client had various streams of income. He was a director of his own company, receiving a […]
- 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 21st, 2022
- Category: Newsletters
Newsletter (Feb 2022): Low Interest Rates, Mortgage Costs and Mortgages based on rental income
Welcome to our monthly newsletter. It feels like every person we have spoken to in the past 2-4 weeks has mentioned how incredibly busy they are. This is across the whole property industry; lawyers, valuers, consultants etc, not just estate agents. One agent we spoke to who sells new build, off-plan properties said they had […]