Category Archives: Mortgage services

Barclays Post the ECB base rate increase and the continuing upward trend of Euribor rates with little relief in site for the cost of the funds for Spanish Banks Barclays recently increased margins above Euribors to a minimum of 1.75% on their variable rate. The three year fixed rate rose to 4.25% and the full […]

Finally some good news for Spanish Banks! Yesterday it was announced the recently announced (Forbes Magazine)  richest man in the world Carlos Slim has bought into La Caixa. La Caixa should be one of the first savings bank to fully list and this endorsement will undoubtedly help the listing process and encourage other investor to […]

Whilst on the face of it low interest currency mortgages can seem attractive the reality can be quite different. Lenders like Banco de Valencia regularly promoted their currency mortgages to Spanish Buyers as an alternative to taking a Euro loan. During the years of 2007 to 2010 when Euribor rates were climbing and loan rates […]

Whilst many companies advertise the buying of property in Spain via auctions none of these web based advertisements are actually official auctions where Spanish repossessed property can be bought. The official auction process in Spain is a very different process to those being touted on the web. When a property is going through a repossession […]

Buyers wishing to get some idea of what repossessed property bank of Spain have available should visit website www.idealista.com There is both a Spanish and English version and many of the banks advertise their stock on the site. This includes well known names listed below as well as smaller more regional Spanish Banks Sol Bank […]

Mortgage rates in Spain increase Since the beginning of the year, Barclays Spain has been one the most competitive banks for non-resident mortgages but the changes bring them back in line with the market. Variable rates have moved from 1% above Euribor to 1.25%. The fixed rates have moved from a 3 year at 2.99% […]

La Caixa who will be one of the first Caja’s to list themselves has been downgraded by the rating agencies. The rating agency sights new liquidity requirements being implemented this year, rising defaults and cost of funds which squeeze margins as the core reasons for this downgrade. La Caixa unlike some of its same size […]

It is reported this week that a court is looking into the practices of Spanish banks including floor rates to which a rate cannot drop below in their mortgage deeds. This practice has caught out many non-residents in the past who have been unaware of this restriction placed in their mortgage deed. The inclusion of […]

Have you had Spanish mortgage offer changed by Santander? Need an alternative Spanish mortgage due to Santander’s product changes? From having one of the best mortgage products on the market in the last two weeks Santander have changed policy and now have the worst offering. Santander have moved from 80% loan to value to 50% […]

On Wednesday the 26th of January Spain saw a landmark ruling in favour of a mortgagee over his bank. The unnamed Spanish resident who handed back the keys to BBVA Bank when he was unable to maintain his mortgage payments has been dissolved of responsibility by the Judge for the outstanding amount between the loan […]