MORTGAGES IN SPAIN

03 Apr

Can I purchase a property in Spain that already has a mortgage on it?

Yes, but the existing mortgage will need to be cancelled (at the bank and at…

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25 Mar

Is the cancellation fee of an existing mortgage paid by the seller?

Yes, this amount is deducted from the payment to the seller and then it is…

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21 Feb

What is the Euribor?

Euribor, or Euro Interbank Offered Rate, is the average interest rate a group of European…

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21 Feb

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…

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21 Feb

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…

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06 Feb

What do the initial Spanish mortgage costs cover?

The property tax in Spain spans from 6 to 11% depending on the region and…

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02 Feb

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…

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29 Jan

Can I get an 80% residential mortgage in Spain?

You have to be a tax resident in Spain to get an 80% mortgage. However,…

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06 Dec

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…

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