Latest Spanish mortgage news and updates

Repossessions in Spain Since the crisis the Bank of Spain has insisted as part of their regulatory role that Banks in Spain make detailed reports to them on the situation relating to repossessions. The first report was issued in 2013 so data is very new in its nature and it is difficult to extract from […]

Mortgages in Spain Total mortgages in Spain in May as according to those registered at land registry rose by 7.3% when compared to May of 2014. For mortgage credit taken for the purpose of buying a home this was an increase of 10.9% showing that borrowing for the purchase of dwellings is increasing at a […]

House sales and mortgages in Spain House sales and mortgages in Spain increased according to the Notaries by 8.4% in May 2015. The price per meter square for purchases fell for another month suggesting any price recovery, apart from small pockets, is still going to take a few months. The decreases have stabilized but across […]

Spain issued data today relating to the transfer of property rights and mortgages in May This data which comes from the INE office (statistical office) is taken from information supplied by the Land registry. The information from Land registry will be somewhat behind the curve as it can take anything from 3 weeks to 3 […]

News for Aprils Spanish Mortgage levels. Aprils registered loan data was issued today and there were few surprises given general feedback on completed loans at Notary. The average loan size by which loans completed fell in April but this trend should be reversed as we move through the year as the news from the Notaries […]

New house sale and loan data On Monday the Notaries in Spain published their monthly data for house sales and Spanish mortgages. The data published by the Notaries is taken from completions at Notary so is more live time then the National Statistical office who take their data from house sales and mortgages registered at land […]

Spanish Mortgage lending news in March Data issued today by the statistical office in Spain show that Spanish mortgage completions continue to rise year on year. The data is taken from registered loans within the month of March and this means that in terms of overall activity the information is a few weeks behind what is actually […]

Can you obtain a Spanish approval in principle Spanish Banks like most lenders are able to provide a potential buyer with a loan approval subject then to valuation of a specific property. Most Spanish Banks will provide this without a requirement for a property to be valued and Banks that will only fiscally approve an […]

Mortgage data issued today showed a mixed bag of results Whilst the number of Spanish loans and capital lent for homes appears to be gathering momentum, total lending showed a decrease year on year.With capital being lent for the purchase of residential dwellings up annually by 37.1% the drop of 0.6% of total capital lent […]

Spanish Banks and their approach to transparency Over the years of arranging mortgages in Spain one develops an understanding of the behaviors of each Bank offering mortgages and the efficiency of their processes. Some Spanish Banks offer good headline rates and make it difficult to justify not recommending them but good rates are only part of the […]