Many lenders are prepared to offer finance for the purchase of Spanish property, with loans available in Euros or Sterling. You should give careful thought to the currency in which the loan is to be repaid as exchange and interest rates will fluctuate during the period of the mortgage repayment.

Mortgages of up to 70% of valuation, subject to status, are available on most properties from a variety of Spanish and International banks.

Interest rates may fluctuate according to the base rate set by the European Central Bank and have typically been lower than those in the UK. Mortgage rates are normally fixed for the first year and are variable thereafter.

Most banks in Spain charge a setting-up fee of up to 2% of the loan. Proof of income such as a P60 and 3 pay slips (or certified accounts if self-employed) will be required, in the usual way. We have excellent relations with many high street Spanish banks and can introduce you to them in order to discuss your individual requirements during your inspection visit.