25Apr

Spanish Mortgage Lending news 2012

Reports out today have confirmed the situation on lending in Spain has deteriorated further. Despite taking advantage of the European Central Banks cheap bonds issued over the last few months the Banks in Spain have chosen to buy sovereign debt with these funds rather than to lend to the residential and commercial sectors. Data shows […]

25Apr

Spanish rate index.

The Bank of Spain has announced its intention to continue to look at the possibilities of their new mortgage index the IRS, which replaces and combines the Caja and the Banks IRPH mortgage index, as the preferred index for all Spanish loans. The view of the Bank of Spain is that the IRS will provide […]