Category Archives: Mortgage services

Changes in margins for Spanish Mortgages As banks in Spain continue to find the raising of funds difficult and costly so their requirement to widen margins has continued. January so far has seen many banks increase margins above Euribor for their variable products and increase their fixed rate offerings to reflect the tough market conditions in […]

Beware of what you are signing! As banks in Spain continue to struggle to make Spanish Mortgages profitable, so the requirement for linked products has increased. For many lenders this requirement can only be enforced for the first year and cancelled by the client for subsequent years as the product is not written into the […]

Euribor set to rise Euribor, the index used by most Spanish Banks and to which variable loans are linked, are almost certain to rise as funding from the Central European bank is pulled back and more and more banks rely on market funding to obtain liquidity. The three-month Euribor, which is the main indicator of […]

The issue of banks in Spain insisting on compulsory life cover being included on a Spanish Mortgages continues to cause considerable concern. This activity was stamped out by the FSA in UK some years ago. It is not that it may possibly be a product it would sensible for a client to take if they […]

One of the major banks in Spain; Barclays ES; today released a new and very attractive 3-year fixed rate of 2.95% followed by a very attractive variable after fixed rate finishes of 0.35% above 12 month Euribor. This compliments their current 5 year fixed rate of 4.20% and provides very good value for money for […]

When buying in Spain having a financial mortgage approval will greatly enhance your ability to negotiate on price and ensure you know your exact maximum budget, the costs you must consider and ongoing monthly commitment your purchase will entail. Most buyers will incur costs of flying to Spain and accommodation whilst there when searching for […]

Obtaining information about Spanish Mortgages before making a commitment has in the past meant researching across a number of web pages, information sites and banks. Often each provider of information was unable to give a full overview of all the considerations that a potential buyer should consider. To help buyers understand fully in a one […]

August saw the first; all be it small; Euribor ( European Interbank offered rates) rise for 12 months. The level of Euribor rates which has been at a historical low for many months is predicted to rise by about 1% over the next year. It was unrealistic to believe the rates could remain as low […]

Ahead of its UK counterparts from October the 1st the two banking arms in Spain Lloyds and Halifax will come together as one. From October 25th all Halifax branches will be re-branded to Lloyds. At present there still remains a few differences between the two in lending criteria. Lloyds minimum loan size is € 100k […]

Mortgage product improvements in Spain Having almost removed themselves entirely from the non resident market by lowering loan to values to 50% and increasing rates two years ago one Spanish Bank has recently changed its Spanish Mortgage product portfolio to attract new business. By far the best of their new products is 5-year fix at […]