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International Mortgages
Mortgages in Spain
Updated: Friday 23 March, 2012
By Martin Fagan
Considering investing in a property in Spain? Get a quote for an international mortgage today.
Loan amount - €250,000
Latest mortgage rates in Spain
| Type of mortgage | Maximum LTV | Starting Rates from | Interest only | Monthly repayments | Request quote |
|---|---|---|---|---|---|
| Variable rate | 60% | 3.05% |  | EUR 634 | Go |
| Variable rate | 60% | 2.55% |  | EUR 1,331 | Go |
| Variable rate | 70% | 4.00% | | EUR 1,515 | Go |
| Variable rate | 70% | 4.00% | | EUR 833 | Go |
About Spanish mortgages
With its combination of great weather, miles of sumptuous beach and centuries of culture, it is no wonder that more Brits than ever are looking to buy a holiday home in Spain.
Spain is situated on two oceans and, as a result, offers a diverse climate which ranges from a Mediterranean climate in Andalusia to the cooler temperatures of the North. The country also has a diverse cultural history giving rise to many architectural wonders such as the “Museo del Prado” in Madrid and the Gaudi cathedral in Barcelona. Added to that, as an EU member state, Brits can travel freely to and from Spain whenever they choose and even work there should they be offered the opportunity.
If you are looking to buy a holiday home or a buy-to-let property in Spain there are several things to consider. An international mortgage broker, such as International Personal Finance, can help arrange the finance to smooth the purchase of your Spanish, allowing you to enjoy the benefits of a home away from home.
Who are International Personal Finance?
International Private Finance (IPF) is an international mortgage brokerage company. They are based in the UK and have a lot of experience in arranging international mortgages.
IPF aims to make arranging an international mortgage as simple and straightforward as possible and their highly trained team can help you find the best mortgage for your home in Spain. IPF also has a number of special relationships with Spanish financial institutions making it possible for them to offer you deals that may not be available elsewhere.
IPF’s experts are fluent in a number of European languages, including Spanish, to ensure that nothing gets “lost in translation” and that applying for your mortgage is made as easy as possible.
What is the procedure for applying?
If you would like IPF to find a quote for you, the process will normally happen as follows:
- You fill in the quote form.
- IPF will get back to you by phone, usually within two days. A specialist will explain the options open to you and answer any questions that you may have.
- Following this, you will receive an email detailing the best mortgage quotes available to you.
- Should you then decide to take up one of these deals you will pay a fee of £200 to IPF. In return you will benefit from their help throughout your mortgage application, from filling the paperwork all the way through to completion.
THINK CAREFULLY BEFORE SECURING ANY DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP
REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.