Lending in Spain

More and more clients are looking to purchase a property in Spain with the aid of a mortgage. In most cases this is an extremely beneficial thing to do as it helps in the calculation of any Inheritance Tax payment should the worst happen.

Spanish lenders historically will lend 70% of the valuation to non-Residents while others will lend 80%. Please note this lending is based on the valuation price of the property or with some banks on the purchase price.

Real Costa Blanca have access to both International and Spanish lenders and will be able to select the correct bank to meet the clients requirements after firstly discussing the clients case with them individually.

Lenders in Spain are now able to offer Interest Only mortgages with the term of the Interest Only ranging from 1 year up to 10 years and more. This is always an attractive proposition when taking up ownership of the property as it keeps the initial repayments down.

Please be aware that mortgages cannot be taken out on a property which has not yet been built.

If you would like to discuss the mortgage process then please contact us on our land line 0034 965 703 238 or email This email address is being protected from spambots. You need JavaScript enabled to view it. All conversations will be handle with care and your privacy is very important to us.