Spanish mortgage lending dips in July. Higher interest rates in Spain have an impact on home loans completed. Spanish Banks look to negotiate on terms and conditions. Variable, fixed and mixed rate options are available.
Lending in Spain dropped in June. Spanish Banks are adapting margins above Euribor to encourage borrowing. However lending criteria continue to tighten. The 12 month Euribor remains high but dropped in September. Due to the base rate possibly increasing this may change next month.