Yearly Archives: 2019

Septembers mortgage data for Spain  released by INE. As was the same in August for Spanish mortgages the month of September was well down on the previous year as it would appear completions still get delayed post the new mortgage regulation and process for completion. Other indicators like level of loans redeemed tend to suggest […]

New Spanish loan regulation takes its toll on August completions Data published by the INE in Spain today outlined the impact of delays in completions caused by the new regulatory requirements implanted in June. The INE takes its data from Land Registry rather than the Notary offices so can cause a lead lag on information […]

Sabadell fearful of Brexit impact This week saw Sabadell Bank become the first lender in Spain to officially change its Spanish loan criteria for UK residents. Whilst Sabadell throughout the Banking crisis maintained 70% loan to value for clients who comfortably met their debt to income criteria, unlike others who dropped loan to values to […]

What is the legislation and how does it affect borrowing in Spain One of the more negative outcomes of the regulation changes on Mortgages in Spain has been the interpretation of the legislation that allows borrowers to request a change of currency on their loan after completion if they don’t earn their income in Euros. […]

  Current trends Normal trends in Spain are for Julys figures to be below June. This year the trend was reversed. This could be due to a number of delayed completions from June these being the Mortgages in Spain that fell foul of the new regulation requirements implemented mid June. The new regulations required changes […]

Whats affecting the loan market in Spain Property sales to UK nationalities has dropped off in last couple of years over Brexit fears and uncertainty of its financial impact. At the lower end of the price market due to the low price of property in many areas of Spain competitive mortgages in Spain things have […]

  Latest news for mortgages in Spain issued this month Loan levels in Spain dropped in June both against the previous month and the same month of the previous year. The number of new Spanish mortgages registered dropped by 2.5% against last year with a total of 29.900 the average loan size dropped by 3.7% […]

If you’re looking into purchasing a property in Spain, you might be questioning wherever it’s the right time to do it. Brexit uncertainty is currently the number one issue that stops Brits from relocating and purchasing a property in Spain. A lot of Brits seek to relocate to Spain each year, be it for retirement, […]

Loan in Spain completions In between implementation of new Spanish rules, added paperwork requirements for lenders and clients, and confusion around what is required and when, Spanish loan completions continue to make their way to registration at land registry. It will be interesting to see what impact on June and Julys figures the changes have […]

Home loans Spain The Spanish loan market hit by new regulation in July continues to be in a state of confusion. New rules surrounding regulation and the protection of borrowers in Spain has been so badly written and implemented that even the top legal teams at the Spanish Banks cannot agree on exactly what must […]