100% Spanish mortgages can be offered to Spanish residents whilst non-residents are more likely to be offered between 70 and 80%. Set-up fees are widely accepted as quite steep, but the offset for this is that on-going rates are very reasonable, and certainly much lower than in many other European countries. Its worth remembering that most mortgages and loans will be offered on the basis that any set-up fees will be deducted from the loan amount, so be aware that you may need more cash than you thought in order to proceed with the agreement.

Loans can be relatively easy to obtain providing you have suitable income to justify the amount you wish to borrow. Banks have historically been less than happy to offer large amounts of money, but the trend towards borrowing in Spain is growing and the effects on the cash economy are significant. Thus, many more homes are now bought with the help of external finance organizations than existed a few years ago.

Mortgage, loan or fund raising advice can be arranged by Acsentra^® through an independent advisor with access to all major lenders based in Spain.

If you would like advice on funding the purchase of a Spanish property, call +34 954 829 231 or click here to complete our online enquiry form.