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  • Call our team:
    +34 963 156 011

  • Covering all
    Spain and Portugal
    Covering all
    Spain & Portugal

  • Office hours:
    Mon - Sat: 9am - 6pm: 9am-6pm

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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 […]

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 […]

Bridging finance & case study

We are seeing an increase in demand for Bridging Finance in Portugal. Subject to profile, if a client is looking for short term finance because they intend to sell their existing property in Portugal (but haven’t yet found a buyer) and buy a new one, we can arrange this type of finance.  A mortgage will […]

We now have French, German, Dutch, Portuguese & English speakers! 

In terms of the nationalities buying in Portugal, from our own statistics, the Dutch are leading the way followed by the British and then the Germans. Full details are illustrated below. We are pleased to confirm that our advisers have all the languages covered for these buyers except for Italian. We have been actively looking […]

Newsletter (Feb 2022): Portuguese Mortgage Market Review 2021, Bridging Finance and Advice in Five Languages

Welcome to our first newsletter of 2022! We hope you have all had a great start to the year and are looking forward to the year ahead. We are pleased to confirm that last year was another “Best Year Yet” at the Mortgage Direct headquarters and we now have 5 mortgage advisers operating in this […]

Bridging finance in 2022

Bridging loans serve as an alternative to a mortgage where finance is needed for a shorter term than is typical for a mortgage, when the loan is repaid by a planned future transaction (usually the sale of the asset itself or another property). We are noticing an increase in demand for this type of finance. […]

We now have a French speaker in the Mortgage Direct team!

Following on from Germany, in terms of nationalities buying in Spain, comes the United Kingdom and then France. We are pleased to confirm we now have a qualified French mortgage adviser on the team. Vera Simao will introduce herself in the next What are our advisers saying? bulletin. We had been actively looking for the […]

Newsletter (Jan 2022): 2021 Mortgage market review, French speaker and Bridging Finance

Welcome to our first newsletter of 2022 with news about the Mortgage market in Spain! We hope you have all had a great start to the year and are looking forward to the year ahead. We are pleased to confirm that last year was another “Best Year Yet” at the Mortgage Direct headquarters. Our enquiries […]

We’re hiring: Mortgage Adviser

Job description: Mortgage adviser with desire to learn and proven track

Special Purpose Vehicle (SPV)

A SPV is a legal entity – usually a Spanish limited company – that is set up for a specific business purpose in order to maximise tax efficiency. SPVs can be used for property purchase in Spain and can either cease to trade post-purchase or can be used for subsequent rental of the purchased property.