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. Read More »
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 Read More »
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’ Read More »
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. Read More »
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 Read More »
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 Read More »
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 Read More »