Spanish Mortgages

Welcome to Spanish Mortgages

Using a very extensive panel of Spanish lenders, Assetz Finance is able to offer an impartial and experienced view of the market to all purchasers or owners of Spanish property.

In addition, our years of negotiating with Spanish lenders have ensured that we can offer exclusive mortgage packages to our clients making sure that they get the best mortgage deal for their purchase or re-mortgage.

If you are not sure if a mortgage secured with a Spanish lender is the right method of finance for your purchase, we have compiled a Table comparing the advantages and disadvantages of each method of finance for you to help you make the right decision.

To learn more about the way that Spanish mortgage products work, please consult our Spanish Mortgage Types page.

You will also find more general information about securing a Spanish mortgage by downloading our guide:
Free guide to Spanish mortgages

Get advice from qualified professionals

All of our Spanish mortgage advisers have been trained to an extremely high level and many are also qualified UK mortgage advisers. You will be able to tell that you are dealing with a financial services professional when you speak to one of our advisers and not a call centre commission-only salesperson. Our experience and knowledge of our markets ensure that our clients can make informed and successful decisions.

As well as sourcing the best mortgage deal for your purchase, our consultants will help you understand the buying and the mortgage process as well as the timescales involved, giving you the reassurance that you have continual support throughout your purchase.

Buying property abroad can seem daunting and the Assetz Finance Mortgage Service has been created with this in mind. We do the research and due diligence on the mortgage products offered by both UK and Spanish lenders so that you don’t have to.

Who can benefit from our advice?

Assetz Finance offers its Spanish Mortgage Services to all purchasers of Spanish property whether they are purchasing a property from the Assetz group or from another estate agent, or directly from the vendors or developer.

Some lenders do not have any interest-only products at all. We will steer you towards the lenders that offer interest-only deals if this is your requirement.

Most interest-only products offered by Spanish lenders tend to be split in two phases: the interest-only phase (which can last up to 10-15 years) and the capital repayment phase (for the remaining term). That way, Spanish lenders have the reassurance that the capital will be paid off by the end of the mortgage.

There are a small number of lenders that offer interest-only deals as we know them. If you have decided that you will require an English-style interest-only mortgage for your purchase or re-mortgage, you will need to make sure that one of these specific banks is used.  Interest rates for interest-only packages can often be higher than the rates offered on capital repayment mortgages.

For more information on these products please call us on 0845 400 8000.

Our Spanish Mortgage Team provides services to both consumers and third parties. Financial advisers, mortgage brokers, estate agents, developers and solicitors regularly recommend our services to their clients and benefit from our advice and assistance. In this way they are able to ensure that their clients’ Spanish finance needs are taken care of by specialist professionals.
You can also download our complimentary Guide to Spanish Mortgages (PDF) for more information on how the process works and what our service involves.

Pick one or more of our services

Our Purchase Mortgage Services

Purchasers of all types of Spanish residential property can rest assured that our Spanish Mortgage Team will secure them the finance they need.

Our Spanish re-mortgage and cash raising mortgage services

Owners of all types of Spanish residential property who wish to re-mortgage onto a better deal or release tied-up capital from the property, can do so with our help. For more information on what to expect when re-financing a Spanish property, check out our Spanish Re-Mortgage and Cash Raising Mortgage pages.

Our mortgage salvage services

Created to assist those who have attempted to secure finance with a Spanish lender and have failed - we use our knowledge and experience to ensure that your application is successful second time round.

Please think carefully before securing any debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or other loan secured on it.

When securing a debt against your foreign property, please remember that:

a) your foreign property may be repossessed if you do not keep up repayments on any mortgage or loan secured on it.

b) changes in the exchange rate may increase the sterling equivalent of your debt if taken in another currency.
For all mortgages and loans, irrespective of their location, please be sure that you can afford the repayments before entering into any credit agreement.

The figures and information quoted on this site are believed to be correct at the time of issue and are subject to change without notice. Any quotation supplied is NOT an offer of a mortgage.

In accordance with the Data Protection Act 1998, all personal data handled by Assetz Finance will be processed fairly, lawfully and in the best interests of our clients. The information and personal details provided may be disclosed to companies who have an agreed partnership with Assetz Finance and who will be able to offer you the financial and property services that you require.  These companies may be located in your country of purchase or the UK.

Please be aware that it is a criminal offence to give misleading or incorrect information in connection with a loan application. Specific actions may be taken to prevent fraud.

Links

Spanish Mortgage Application Form

Cash-raising and Re-mortgage Products
Spanish Mortgages Guide
Euribor Rates
Why Take a Foreign Mortgage?

Overseas Mortgages

Guide to Investing Abroad

Read our guides to buying and financing foreign property for more insider tips in our members area.

Call Back Request

Can’t find what you are looking for? Or want to chat through your options with an experienced mortgage adviser? Then let us know what time and day is best and we will call you.

Currency Exchange

As soon as you start looking at property abroad you should open an Assetz Currency Service Account. There is no cost associated with opening an account, and no obligation. It simply ensures that you are ready to act quickly when the need arises, taking advantage of the favourable exchange rates available via the Assetz Currency Service.

Deal of the Day

Look out for Deals of the Day, often unique to Assetz Finance, these deals could save you thousands of pounds. It is important to get the right deal for your circumstances whether for your home, holiday home or investment property mortgage or for your home insurance or life policy. The Deal of the Day could be just that. Speak to one of our Advisers to see which deals are the best for you.

Members’ Area

Complete our Quick Register to get access to our Members’ Area. You will receive important updates on finance, insurance and other related areas via the Members’ Newsletter and will be able to tap into the various resources on offer: Mortgage Deal Tables, the Mortgage Quote Engine, the Mortgage Pre-qualification, the Mortgage Organiser, the Investment Calculator and the Portfolio Planning Software.