We can help you get a Spanish Mortgage.
We assume you have arrived at this page because you are not a cash buyer. Getting a Spanish mortgage can be a minefield. Being in a foreign country will also mean you are unlikely to know which banks offer the best rates and deals. Moreover, you most likely have limited time in Spain as you are a non-resident. So, who do you turn to? Real estate agents can help find you a Spanish mortgage, but they will most likely be receiving a commission for their efforts. This may not be the most transparent of situations. That’s why, it’s important to turn to an independent lawyer, who has your vested interests at heart. At Zuuring independent Lawyers in Marbella, we guarantee to find you the best deals for a Spanish Mortgage. So, call us now for a free consultation.
It’s important to know that Spanish banks ARE WILLING TO GIVE mortgages to non-resident purchasers of property in Spain.
The maximum period of a Spanish Mortgage is 30 years but depends on the purchaser’s age. You can also still obtain a mortgage up to the age of 65 – 75 years.
You can borrow may be up to 70% of the Bank’s valuation of the property, but this also depends on your income and assets. Furthermore, you will also need to provide proof of your ability to repay the mortgage. As a result, most banks will require monthly earnings exceeding three times your stipulated monthly mortgage repayment.