The Property Path
Today is
Interested in buying property in Spain or abroad? Get in touch with us.
Spanish Mortgages

Europa Mortgages are a fully independent firm of Mortgage Brokers based on the Costa del Sol in Spain. Their team of experienced brokers will be on hand to guide you through the financial aspects of purchasing
Europa Mortgages
in Spain. They come from a variety of backgrounds including banking and accountancy in the UK.

Europa Mortgages offer a high level of service. Their guaranteed service to their clients includes :-

Fast response to your queries, within 24 hours.
‘Agreement in Principal’ from one or more of their lenders within 2 days.
Europa Mortgages DO NOT CHARGE you a fee for their services.

Mortgage Guide Below is a general guide to buying property in Spain using a mortgage. Numerous websites offer similar information although the vast majority are out of date. We ensure that the information we provide is as up to date as possible but the best advice is to contact us for personal advice in respect of your circumstances.

The lending criteria and earnings multiples quoted are the standard terms that are available. Our excellent relationships with our lending partners gives us more flexibility and scope for our clients, thus resulting in more competitive mortgage offers.

The standard borrowing is 70% of the valuation figure, although increasingly a number of lenders are now lending 80%. However, these lenders enforce a strict borrowing criteria. It is also possible to borrow a higher percentage if you were purchasing a property well below the lender valuation figure.

   • Mortgages are available up to the age of 75 years or for a maximum term of 30 years.
   • Repayment mortgages are available for up to 30 years.
   • Interest Only mortgages are available for up to 10 years.
   • If you are ‘employed’ we will need P60 and 2 or 3 recent payslips as a minimum.
   • For Self-Employed clients we offer a range of solutions, please contact us with your situation and requirements.
   • Some banks may also request extra information such as bank statements, bank reference, employer’s reference, UK mortgage statements.
   • UK pension income and income from investment properties can be considered as income for a Spanish mortgage.
   • Monthly mortgage payments should not exceed 35-40% of your net monthly income. We have lenders that do not need full disclosure of your UK commitments.
   • Expected rental income of the property in Spain will not be taken into account by Spanish banks when calculating affordability, although they do appreciate that it does exist.

Weather Information
Currency Converter
Universal Currency Converter under license from Terms of Use
Home | Spanish Property | Property Worldwide | Mortgages | The Buying Process | Our Service | Contact Us
All information © 2006 The Property Path S.L. No unauthorised copying. All rights reserved.
Professional Web Design in Spain by abOriginal