What is the Euribor?
Euribor, or Euro Interbank Offered Rate, is the average interest rate a group of European banks charges other banks to borrow money.
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Do you have a question about mortgages in Spain?
Below, you will find a number of short articles answering various questions we have received over the past few years.
Of course, if there is a specific question you have, please do not hesitate to ask us – please complete the form below:
How much can I afford? What is the debt ratio?
How much can I afford? One of the most important elements when applying for a mortgage in Spain is INCOME and DEBT
How much can I borrow of the purchase price?
Spanish Mortgages. How much can I borrow when I’m buying a property in Spain? This is called ‘loan to value’
What do the initial Spanish mortgage costs cover?
The property tax in Spain spans from 6 to 11% depending on the region and depending on the price of the property. Plus the valuation and the opening fee.
What are the costs in setting up a mortgage in Spain?
There are several costs involved and the can vary from region to region, but we always give a guide line of between 12 to 14% of the property value
Can I get an 80% residential mortgage in Spain?
You have to be a tax resident in Spain to get an 80% mortgage. However, there is unfortunately no exact
If i’m paying ‘x’ amount in rent per month, I assume that the bank will allow me at least to pay a mortgage for the same amount as well?
The bank in Spain looks at your income on monthly basis and will calculate that you can afford 35% of that for your total debts