Mortgage Lending tightens in Spain 2023

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.


Spanish mortgage lenders 2023

May 2023 Mortgage completions in Spain Spanish mortgage lenders saw Mays mortgage completion levels Spain upturn over April. The month on month increase was lower than that of last year. The average loan size increased significantly for the month. The average Spanish mortgage was € 141.8k. In comparison to 136.9k the previous month. However this […]


Spanish Interest rates

Spanish interest rates as an average increased in February. Data shows that fixed rates remain the favoured mortgage in Spain product type. Fixed rate loans for US applicants available. Lenders offering mixed rate products now available to wider range of nationalities. Spanish lending in February 2023 lower than January. Spanish Banks tighten risk criteria.


Spanish Mortgage completions

Mortgages in Spain were still completing at low levels of interest in September. This will not be sustained. It is now a challenge to decide whether to opt for a fixed rate or variable rate product. Fixed rates are less flexible in the future as rates decrease.