07Dec

2016 Spanish loan overview

The year so far As 2016 draws to a close the Spanish Banks will be looking at a year of missed targets. Whilst none of the Banks will have reached the new loan levels they were looking at for the beginning of the year this has not relaxed criteria or seen competition rising to get […]

25Nov

News for home loans in Spain

September mortgages in Spain Septembers completion of new home loans in Spain showed a marked increase to August levels. August in turn was improvement on July. In total 26.667 new mortgages in Spain were constituted in the month according to land registry. This was increase on last months figure of 20.609 and was 10% up […]

27Oct

Spanish loans monthly update

Mortgage legislation changes in Spain This month saw new regulations relating to a cooling off period for buyers contracting a mortgage in Spain where the signing is in Andalucia. The legislation changes which are only for loan signings made within the Andalucia region will lengthen the time it takes to get to completion. Also if […]

10Oct

Sterling falls affect buyers in Spain

Who is affected by the drop in Sterling The drop in Sterling since the Brexit vote to leave the EU, and the large decline seen last week after the Conservative party conference will affect those looking to buy abroad. Buyers in Spain committed to a purchase already who have passed the point of Private Purchase […]

03Oct

Spanish Loans decrease year on year

Spanish Banks experience a fall in new loans After many months of consistent year on year increases Julys mortgage data show both numbers of and capital lent falling back in July. The two reporting agencies the Notary offices and the INE in Spain both showed a retraction of mortgages in Spain for the month of […]

09Sep

Lending data for June

Mortgages in Spain saw another month of increases in June. Whilst the data is another indication of a recovering market some of the data suggest that particularly in the resident market the recovery is still fragile. The number of loans recorded at land registry was 25,274 which was up 15.5% from the same month of […]

31Aug

Current situation for re-mortgages in Spain

Re-mortgages in Spain In the last few years since the crisis in Spain the Banks have withdrawn from offering re-mortgages in any form. The reason for this was driven by the fact with numerous defaults themselves the lenders did not want to take over other lenders loans that might also go into default. What are […]

16Aug

Mortgages in Spain post Brexit news

Spanish Loans Many loan applicants who are either considering making an application for a mortgage in Spain or are currently applying may be wondering what impact the Brexit vote has had. At present none of the Spanish Banks have specifically changed their standard terms and conditions and the chances that officially they will do that […]

04Aug

Spanish loans for expats

 Expats Many expats living abroad who are UK passport holders or come from other countries  may be wondering what will happen to them post Brexit should they choose not to return at some point to the UK, or do not earn their incomes in the currency in which they need the loan. Banks in Ireland […]

28Jul

Spanish lending up again in May

Mortgages in Spain increase May 2016 continued the upward trend for loans in Spain registered at land registry. Spurred on by an increasing level of non resident purchases, low interest rates and a continuing static house price market 2016 figures continue to rise. The number of home loans rose by 34.1% against the same month […]