Category Archives: Mortgage services

Issued today was the Spanish mortgage data relating to March of 2014. Key indicators Since January 2014 Spanish Banks have had lending targets but the first two months of year showed little movement in terms of increases in either number of loans granted or capital lent. For March 2014 we have finally seen a year on […]

A recent article in the Telegraph Retirees snap up cut price property in Spain written by Nicole Blackmore outlined the increase in UK residents between the ages of 40 and 60 years looking to buy in Spain. The resurgence of activity in Spain is due to much lower prices and strong exchange rates. Funding of a […]

Barclays UK today announced a number of cuts to its banking operations across its worldwide portfolio.Cuts in personal in the UK will total 19,000 to be shed by the end of 2016. Barclays leaving Spain Part of the overall cutbacks includes the shedding of its 250 branches in Spain. The Spanish retail banking operation will […]

Last week saw a number if the major Spanish Banks report their first quarters figures. In general the numbers reported by the Spanish Banks showed a steady improvement both from the last quarter and on a year on year basis. Profits started to show some recovery and bad debts for mortgages look to have reached […]

Mortgages in Spain for February 2014 The monthly mortgage data for mortgages in Spain was issued today by the statistical office for the month of February this year. Despite a general feel that on the property side things are starting to move with an increase in the number of people looking to buy in Spain, this […]

Announced today are changes to the way UK Banks will assess affordability for borrowings. Moving away from only looking at gross multipliers of income UK Banks will now adopt a more focused view on overall affordability when assessing a mortgage application for financial approval. What are the key changes to risk assessment in UK Previously […]

Key Spanish Mortgage Data Monthly mortgage figures for January in Spain showed no respite in the overall decline in mortgages constituted in Spain. January’s figures will still be affected on a year on year basis by the fact an unusually high level of purchases and subsequent mortgages were constituted at the end of 2012 due […]

New mortgage product in Spain 2014 has seen a more aggressive stance from Spanish Banks for the acquisition of new loans within the nonresident mortgage market. Whilst this is across the broad and we have seen a few new mortgage products being launched the Spanish Banks are focusing heavily on buyers from Northern Europe and Germany. […]

Official data from the INE on Spanish Mortgages As anticipated the level of Spanish mortgages granted in Spain for December 2013 followed the same trend as the rest of year and were down both month on month and year on year. The number of mortgages granted to residential dwellings in Spain during December were 12,329. This […]

New mortgage product is launched in Spain In response to Spanish Banks having lending targets for the first time in a couple years a number of new mortgage products in Spain have been launched by the Banks reversing the upward term previously seen on mortgage margins. In an effort to grab back some market share a […]