Please download our Loan Application form. Complete all applicable fields, once completed save it to your hard disk. Please
email it to info@gfoworld.com. All information is held in strictest confidence.
With the lifting of almost all exchange controls,
both
residents (in Spain) and non-residents may now obtain loans and mortgages against their Spanish property in any currency from any bank in the world - if they can find a bank willing to lend against property in another country.
The good news is that the inflation and interest
rates are at an all-time low in Spain, with a prime lending rate of only 5.25%. Spanish bank mortgages are now being offered at rates of less than 6%, the lowest in Europe.
Similar loans are also being offered for the
purchase of Spanish properties from lenders throughout the EU community.
At the moment it looks an attractive proposition to
take out a mortgage in Spain. The downside is that if pesetas or the euro begin to recover in value against the US dollar, although your property will be worth more, your monthly mortgage payments would increase.
Normally the maximum term for a Spanish mortgage is
up to 25
years on 75% of the valuation of the property. There are so many different packages available that we suggest you use the services of an experienced international mortgage broker who will explain the pros and cons as well as providing you with the mortgage they feel would suit you best at the most favorable rates.
Disclaimer:By using the contents of this site you accept our user agreement. All contents are intended as study material and a general
guidance. It does not substitute professional legal advise. We advise readers to contact the authorities before making any legal or tax involving decisions.
