Yearly Archives: 2010

Euribor set to rise Euribor, the index used by most Spanish Banks and to which variable loans are linked, are almost certain to rise as funding from the Central European bank is pulled back and more and more banks rely on market funding to obtain liquidity. The three-month Euribor, which is the main indicator of […]

The issue of banks in Spain insisting on compulsory life cover being included on a Spanish Mortgages continues to cause considerable concern. This activity was stamped out by the FSA in UK some years ago. It is not that it may possibly be a product it would sensible for a client to take if they […]

One of the major banks in Spain; Barclays ES; today released a new and very attractive 3-year fixed rate of 2.95% followed by a very attractive variable after fixed rate finishes of 0.35% above 12 month Euribor. This compliments their current 5 year fixed rate of 4.20% and provides very good value for money for […]

When buying in Spain having a financial mortgage approval will greatly enhance your ability to negotiate on price and ensure you know your exact maximum budget, the costs you must consider and ongoing monthly commitment your purchase will entail. Most buyers will incur costs of flying to Spain and accommodation whilst there when searching for […]

Obtaining information about Spanish Mortgages before making a commitment has in the past meant researching across a number of web pages, information sites and banks. Often each provider of information was unable to give a full overview of all the considerations that a potential buyer should consider. To help buyers understand fully in a one […]

August saw the first; all be it small; Euribor ( European Interbank offered rates) rise for 12 months. The level of Euribor rates which has been at a historical low for many months is predicted to rise by about 1% over the next year. It was unrealistic to believe the rates could remain as low […]

Ahead of its UK counterparts from October the 1st the two banking arms in Spain Lloyds and Halifax will come together as one. From October 25th all Halifax branches will be re-branded to Lloyds. At present there still remains a few differences between the two in lending criteria. Lloyds minimum loan size is € 100k […]

Mortgage product improvements in Spain Having almost removed themselves entirely from the non resident market by lowering loan to values to 50% and increasing rates two years ago one Spanish Bank has recently changed its Spanish Mortgage product portfolio to attract new business. By far the best of their new products is 5-year fix at […]

Many Expats working places like the Middle East of Africa see Spain as an ideal half way house for vacations and a final place to settle when current contracts or early retirement beckons.

The last few weeks have seen mixed messages coming out of Spain and the Spanish Mortgage market. Bancaja who reduced loan to values to 60% at end of last year and removed interest only have in recent days said that they can consider on a case-by-case basis up to 65% loan to value for non-resident […]