Client A

This non-resident client wished to purchase a villa with an estimated value of €700,000. The lenders offering that level of loan has a loan repayment age of 65 years and this made the term for the client 4 years and therefore not possible.

Spanish Mortgage Alliance were able to arrange for the client’s son to be placed on the mortgage along with his father to extend the term and obtain an 70% loan to value covering the clients purchase price of €450,000 and most of his costs.

Client B

This British couple wished to re-mortgage their Spanish property to make some improvements prior to retirement in 5 years. Once retired they intended to pay off their Spanish loan with the profit from the sale of their UK property. It was therefore important to them to have atleast 5 years interest only. Their main problem was difficulty in proving their income.

Spanish Mortgage Alliance was able to obtain the loan they required on a non-status basis with 5 years interest only.

Client C

This Spanish resident wished to move house, but having found the property of her dreams had been unable to sell her existing property. The maximum mortgage against her purchase would not provide enough funds to cover her completion costs.

Spanish Mortgage alliance managed to source a lender offering a bridging loan product which meant that an 80% mortgage could be raised across the two properties. The benefit of this was that the client could raise all the funds she required, whilst maintaining low repayments on an interest only basis.

Client D

This non-resident client required a loan of €880,000 for a property with an estimated value of €1,100,000. At this level most lenders will only offer a maximum 70% loan to value or purchase price.

Spanish Mortgage Alliance were able to obtain the full loan required by the client which was almost 80% of the valuation.

If you would like more information about how you can secure a mortgage in Spain please use the Contact us page to tell us a bit more about yourself.