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  • Covering all
    Spain and Portugal

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Rapidly expanding market

Mortgages for Valencia property buyers

The Valencia property market is getting more attractive every day. Mortgage Direct was established in Valencia, Spain’s 3rd largest city, in 2006 and our founders of still reside in this beautiful city. It has often been described as a hidden gem of the Mediterranean and visitors are seduced by its relaxed charm and eye-catching architecture. The futuristic City of Arts and Sciences has helped raise Valencia’s profile internationally and these days it features regularly in the international press as a top tourist destination, with articles often featuring the Mercado Central (one of Europe’s largest and arguably most beautiful indoor markets) and La Lonja the former silk exchange (UNESCO World Heritage site).

Valencia offers a perfect microclimate and the weather is often compared to that of California. It has a wonderful city beach, La Malvarossa, with its promenade lined by excellent authentic paella restaurants – Valencia is the home of paella after all! The city is also receiving accolades for its thriving restaurant scene, including a rising number of Michelin-starred establishments.

We have arranged many mortgages for property buyers buying in the city and surrounding areas, especially since the global financial crisis when Valencia property prices really started to look attractive. The city is well-connected and the high-speed rail service (AVE) will get you to Madrid in 1 hour and 40 minutes. The time to Barcelona by rail has now been cut to 2 hours and 30 minutes. The Balearic Islands are less than an hour away by plane. It’s no wonder Valencia is on the up and up.

Exclusive mortgage conditions

With the volume of business we process in the Spain, we are able to negotiate the very best conditions with our banking partners; far better than those that may be available to our clients should they go to the banks directly. In fact, we have been achieving resident interest rates (for our non-resident clients) which is unheard of!

You will benefit significantly by using our service and this is especially important in Spain right now, following the introduction of the new mortgage legislation whereby some banks are no longer offering certain fixed rate products to clients earning in currencies other than Euros. There are also wealth tax implications to consider which can be offset by having the correct finance in place.

Mortgage process for Valencia property buyers

Once the mortgage is approved, the process remains very local to where your new property is located. We have local representatives who know the areas inside out; we also work with local lawyers and valuation companies (all approved by the Bank of Spain) to ensure our clients receive the very best service all the way through to completion. On completion day, a representative of the local bank branch will sign the mortgage on behalf of the bank and our clients can continue to manage their everyday banking requirements locally thereafter or online.

We look forward to assisting you throughout the entire process, from start to finish, so that you can purchase your new property in Spain.