Spanish MortgagesWhat is happening? In December the Spanish bad bank SAREB was formed and started to take over property from the Banks in trouble. At this point we at IMS had a mortgage client who was buying a property In La Manga direct from one of the banks.There were in fact a few apartments all of which […]
31Jan
30Jan
Deutsche Bank Spain announces a change to credit policy for mortgages.
Deutsche Bank today announced until further notice it will no longer lend in Spain to persons who earn in a currency outside the Euro. Rationale for this change to credit policy is the current level of defaults and repossessions they are experiencing and their concern over currency fluctuations. The directive has come from Germany and […]
30Jan
Google search results in a mess
Recent changes to how Google rate websites, at least in the industry I am involved in is throwing up some strange and if it was not so important to my business rather amusing results. For the search term Spanish Mortgages at the top of the rankings is Halifax. Halifax Spain is now in fact Lloyds […]
22Jan
Percentage of Spanish mortgages in default
The last 7 days have seen two bits of negative news come out of Spain relating to the housing and Spanish mortgage market. The first statistic issued by the Bank of Spain relates to the level of loans in default or assessed as at risk. For yet another month running this has increased and now […]