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Spain

At a glance:

Mortgage

Refinance

Equity Release

Buy to Let
Maximum Loan to value

85%

70%

70%

50%*
Maximum Interest only period

10 years

10 years

10 years

0
Maximum Term

40 years

30 years

30 years

30 years
Maximum Age on completion

80

70

70

70
Average interest rates

3.5%

3.5%

3.5%

4.1%
Average monthly price per thousand

3.77

3.77

3.77

4.55

Process:
Spanish banks are very experienced in handling non resident mortgage applications and can have mortgage offers in place within two to three weeks due to the large variety of products available, there is generally a mortgage available for all applicants.

Approximate timelines (weekends not included):

1. Approval in principle Instant
2. Final licences Day 1
3. Property registration details Day 1
4. Application (receipt of documents) Day 1
5. Power of attorney Day 1
6. Confirmation of approval in principle Day 3
7. Valuation Day 6
8. Formal offer Day 10
9. Arrange signing Day 15
10. Signing Day 20
11. Transfer of deeds Day 20
12. Payment to developer Day 20
13. Agency of service

Day 20
14. First mortgage payment Day 21

If you would like us to arrange this mortgage for you, please contact us by clicking here:

If you would like to contact the lender directly, please click here:

or here:

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