Spanish Mortgages - Loan to Value (LTV)
MAXIMUM LOAN TO VALUE = 90% OF THE VALUATION PRICE (not more than than 120% of the purchase price)
Most banks are happy to offer a maximum loan of 70-75% of the purchase price or valuation price (whichever is lower). However Assetz Finance has sourced a range of lenders that are willing to offer mortgages based on the valuation price (which allows purchasers to borrow enough funds to sometimes cover the full purchase price and perhaps even purchase costs). We have also sourced lenders that will offer 75 – 90% of the valuation price subject to status.
Please be aware that for the higher LTV mortgages in Spain there is often a Higher Lending Charge applied.
For more information on the loan to value that would be available to you please contact our Spanish mortgage team now on 0845 400 8000 or by completing this enquiry form.
As a specialist overseas broker, Assetz Finance has access for comparison to all the products available on the market plus additional packages and rates only available through brokers. Therefore, for exact detail on the most up to date packages available please speak to one of our Finance Consultants.
Please be aware that this site was last updated on 17 August 2007. We endeavor to keep this information as up to date as possible as we are aware that websites that are not up to date are very misleading. However, we do urge you to contact us and provide us with full information on your circumstances and requirements before you embark on any purchase in order to receive a true quote of the realistic rates and terms available to you rather than basing your purchase on the rates generally available on the market.
One last thing to bear in mind….
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:
- your foreign property may be repossessed if you do not keep up repayments on any mortgage or loan secured on it.
- 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 client. 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 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.
Calls to our 0845 number are charged at local rather than national rate so that if you are not based around Manchester you will not pay more. Calls will be charged at normal international rates if you are calling from abroad. |
