SINGLE.PHP - BREAKPOINT: xs smmdlgxlxxl
Helped with the application and assisted in every other aspect of the process
Earlier this year, my wife and I decided to look into the possibility of purchasing a property in Spain. We contacted numerous brokers both in the UK and abroad, but as Directors of a limited company, taking dividends as income, our personal tax returns did not satisfy the criteria of most Spanish lenders.
Our company has been trading for years with excellent year on year growth and in addition to providing good salary levels, substantial reserves had been built up. We were then recommended Mortgage Direct and one of their advisors Bozenza Brunowska. In all my years of dealing with mortgage advisors, I have never come across someone so efficient, diligent and knowledgeable. Unlike others she suggested we speak to Bankinter, who not only understood our personal finances, but looked at the total package by incorporating our companies performance into the mix. Within a short time a personal 50% LTV offer was made.
For a number of reasons, one being attractive tax advantages, we decided to ask Bankinter if they would consider the property being purchased through our UK Ltd Co and to out total delight they agreed. It seems some Spanish banks are shrugging off the experience of the past property crash and are moving forward, providing creative lending solutions.
All of this, however, could not have been organised without the hard work put in by Bozenza. She not only helped with the application, but assisted in every other aspect of the process. Liaising with the Bank, lawyer and estate agents. Constantly providing updates and advice. She’s one in a million and we cannot thank her enough for everything she’s done for us.
Mortgages taken out in currencies other than the currency in which you earn are considered Foreign Currency Mortgages. Changes in the exchange rate may therefore increase the equivalent value of your debt. Under the Mortgage Law 5/2019 banks in Spain have introduced mechanisms to protect consumers from exchange-rate risk. For more information, please speak to your broker.
Mortgage Direct, S.L. is a company registered in the Registro de Intermediarios de Crédito Inmobiliario del BdE with the nº D108.