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… Read more
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… Read more
21 Feb What is the Euribor? Euribor, or Euro Interbank Offered Rate, is the average interest rate a group of European… Read more
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… Read more
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… Read more
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… Read more
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… Read more
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,… Read more
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… Read more