mortgages for non residents in Spain
Euroresidentes recent article on obtaining a mortgage for your Spanish property
More and more people buying property in Spain consider taking out a mortgage with a Spanish bank to finance their purchase in this country.
Not only expatriates or people moving to Spain, but also property investors, regular visitors to Spain etc.Getting a mortgage with a Spanish bank does have certain important advantages - low interest rates, favourable write off conditions, easier for taxpayers to sort taxes out, no expensive bank commissions caused by international bank transactions etc. Spanish banks have targetted the non-resident property buyers as a lucrative group, and as a result a mind-boggling range of low-interest loans have invaded the market in recent years.
For the past few years, Euroresidentes has monitored the increasing number of products and loans offered by Spanish banks to non-residents in Spain, and we have advised several leading banks about the needs of non-Spanish property buyers, the kind of services we expect from a bank in terms of flexible banking, language support, low interest rates, personalised customer services, efficient online banking etc.
mortgages for non residents in Spain
