Financing - Mortgage - Loan

BestinSpain is helping our clients to finance their dreamhome under the sun.

We work together with 100% independent finance companies (brokers) when it comes to sourcing Spanish mortgage solutions for our clients. They can provide whole of market advice as they are not restricted to who they can approach in order to find finance solutions for our clients.

The aim is to find the most appropriate and cost effective property finance which work for the long term.

Many things have changed in mortgage markets since the credit crunch and Spain is no different. Spanish banks are generally lending to foreign nationals but at a reduced loan to value (LTV) of between 60 – 70 %.

Our partners can potentially finance deals above these levels by using a combination of products available but this must reviewed on a case by case basis and generally can be obtained by clients with previous experience with home ownership in Spain.

Currently Spanish banks are only able to provide Spanish mortgages on a capital repayment basis and generally over a 20 – 30 year term.

In the process to buy a property in Spain and you are thinking to finance with mortgage secured in the property, we advise to start the process for financing in the early stage. You are in the best position in negotiate price with sellers when you have the financing in place.