Mortgages in Spain

When buying a property in Spain , in some cases you will need to arrange a mortgage to finance the purchase.

We deal with a selection of banks in Spain who can offer you a competitive rate on a euro mortgage. You can obtain up to 70% of the purchase price of your property. Currently the variable rate is 3.95%. The repayment periods are either 5, 10, 15 or 20 years with an age limit of 75. This means that the mortgage must be paid off in full by your 75th birthday.

You can apply for a mortgage after reserving your dream home in Spain . All income details will be sent to our mortgage department in Spain who will apply for the mortgage on your behalf, taking away all the worries of filling out the Spanish application forms. This mortgage normally covers the final two payments for your property so you will need to pay the initial 10% deposit and second payment. The mortgage will take effect on completion of the property.

You will need to supply our mortgage department with the following documentation once you have reserved your property:
• Copy of passport
• 6 months payslips
• P-60 form

However if you are self employed we will require the following:
• Copy of passport
• Last tax statement
• Accounts for the previous year

Foreign Exchange

We works in hand with GLOBAL CURRENCY EXCHANGE NETWORK ( GCEN ). So, if you are thinking of buying property in Spain then you will have to purchase and transfer Euros at some stage to pay for the property. We in collaborating with GCEN can guide you through the whole process, making it easy to understand and more importantly save you money. Once you have seen a property you like you will need to arrange transfers for future payments, that's where GCEN will make you purchase in Spain that little more easier.
We can quote you an actual dealing price and answer any doubts you may have. If you agree with the exchange rate quoted, the Euros can be purchased for you and we will confirm the exact amount of sterling equivalent for your euros purchase.


The benefits of using GCEN
· No commission
· No transfer charges
· Competitive foreign exchange rates
· Forward prices available
· Fast and efficient service