Ensuring you have your finances in check before visiting Spain to purchase a property is highly recommended. However, knowing what the right financial route is for you may require expert help.
Mortgages in Spain
Obtaining a Spanish mortgage can be a lengthy, but hugely rewarding process with low rates often achievable.
If you are planning to lease your property, rental returns of 4-8% for 3-6 months can help offset the costs.
At Spanish Legal Homes, our staff can discuss the pros and cons of obtaining a Spanish mortgage and can assist you with completing the required paperwork and providing the relevant information.
Important to know… Spanish mortgages can be time-consuming and need to be arranged and pre-accepted in Spain, so it is important that you are in contact with someone who has the appropriate knowledge and experience.
Raising funds for your Spanish property in the UK is a quicker process and allows finance to be organised before you go out to Spain to complete the purchase. Our UK based staff can help UK buyers to secure finance via mortgages, re-mortgages, equity release, secured and unsecured loans.
Craig, one of our UK based finance advisors, offers some guidance:
“As property prices have increased, more people are now releasing money from either their main residence or any investment properties they may own in order to buy a holiday home abroad.
A number of high street lenders in the UK will allow you to do this and, as long as it is affordable, it is a highly cost-effective way of funding your holiday home with easier processes when compared to the process of applying for Spanish mortgages.
I have extensive experience in arranging this type of finance and have access to the whole of the market to obtain competitive rates of interest and the best possible solution for you.
Starting the process couldn’t be simpler, get in touch.“
Learn more about Spanish mortgages & UK Financing
At Spanish Legal Homes, we have sold over 10,000 properties in Spain that are 100% legal and with zero cases of litigation. We can help make the process enjoyable and hassle free.
To learn more about raising finance in the UK and through Spanish mortgages, organise a free initial consultation with our expert staff. They can provide unbiased assistance throughout the process.