We work with Casahipoteca, a professional Mortgage Brokerage Company, based in Spain and providing independent mortgage advice.

Working with Casahipoteca allows us to offer our clients, mortgages, through both Spanish and European Major lenders, at very competitive rates.

Casahipoteca can offer:
Repayment and interest only mortgages from a rate of 2.95%
Up to 85% loan to value
Mortgages up to the age of 80 years old
A mortgage term of up to 30 years
Self-Cert (non-status) mortgages
An offer in principal within 24 hours

Casahipoteca can answer all your finance questions, thus enabling you to know exactly how much you are able to spend on purchasing your new Spanish home.

GENERAL ADVICE
Arranging your Spanish MORTGAGE
Spanish mortgages are easy to apply for and we can help you to arrange one when the time comes.
We can provide all the financial services you will require.

Mortgages in Spain
Currently, Spanish banks offer a varied array of loaning facilities. Some banks have special products designed for non-resident borrowers, others simply adapt the existing types to the purchasers´ personal circumstances. Variable Rate Loans and Fixed Rate Loans are available.

How much can I afford to borrow?
It is important to establish this before you make an offer on the property to save wasting time and to avoid disappointment. In fact, any offer on a property shall be made subject to approval of mortgage in order to avoiding loosing the deposit lodged.

Most lenders work on income multiples in determining how much you can borrow. As a rule of thumb, lenders in Spain will be looking for earnings per month at least three times that of the monthly repayment. Additional income such as overtime, bonuses or commission, depending on their permanency and regularity, may also be taken into account.

Enhanced multiples are more frequently available to those expecting a good career progression in the near future or those who have a good record of maintaining credit in the past.

Another factor which has considerable weight in approving the proposed loan is the residence for tax purposes status. A non-resident is buying a holiday property which is not their main home. Therefore, payment default is likely to occur in the Spanish property sooner than in any other financed item abroad. For this reason, banks tend to lend a smaller percentage of the mortgage.

FAQ :  Frequently asked questions

Please contact us if you would like to know more about our services.