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Spanish Mortgage
Are you looking for a mortgage in Spain You have just found the right place! MySpanishMortgage.com can help you obtain, among others, the following banking products in Spain Repayment mortgag

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Are you looking for a mortgage in Spain
You have just found the right place! MySpanishMortgage.com can help you obtain, among others, the following banking products in Spain

Repayment mortgages

Interest only mortgages

Low start mortgages

Construction/Self Build

Equity releases

Non status mortgages

mySpanishMortgage We know the market - save time and money by using experts!

As one of Spain' s largest and most experienced financial intermediaries we can help you find the best mortgage products available in Spain . Find out what amount you can borrow and the terms and conditions that would be applied in your particular case!

We have a wide network of contacts with Spanish banks. If you are buying a house in Spain we will negotiate the best conditions on your behalf. Our main criteria for satisfying our customers is quality. By quality we refer to items such as the overall policy of the bank, its professionalism, and access to alternative communication channels such as Internet banking in English

Some Spanish banks offer mortgages that appear very tempting but when analyzed closely there are many “hidden” commissions and costs that should be considered when making a choice between various banks. We provide our customers with complete details about the terms and conditions for the mortgage as well as all the related costs. Therefore, even though we focus on finding the best financial solution according to your circumstances we don't look just at the mortgage product itself but we also consider the rest of the banks product range, the commissions it charges for its services and especially the costs for the products that are obligatory with the mortgage.

We offer our clients complete assistance throughout all the steps of the property purchase and in seeking the financial approval.

Using a professional
mortgage broker
can help you with
the often problematic
and difficult Spanish banking system and provide you with
a full solution to any mortgage issue.

Reasons why you should get a mortgage

For many young first time buyers, often lacking enough savings to make a cash purchase, the benefits of getting a mortgage are obvious. However, there are also reasons to get a mortgage even though you have the option to make a cash purchase using your hard earned savings.

1. Earn profits by making alternative use of your money.

The interest rates in Spain are among the lowest in Europe . If you chose to save your money and take out a mortgage you would have the alternative to invest the money in off shore low risk investment funds. These alternatives may include treasury bills, corporate bonds etc. These can provide returns much higher than the mortgage interest. After covering the cost of the mortgage, the excess returns will be profit.

2. Increased leverage.

Do you believe that Spanish property is a good investment? Many investors do, and they have enjoyed average annual price increases of 20% during the last ten years. Why not consider using your capital to increase your property portfolio by buying several properties instead of one? The profitability on a short term investment is currently very uncertain, there is a widespread belief in the market that that property prices have reached their peak and are expected to stabilize in the near future. Nevertheless it is anticipated that property prices will rise again in the next 10 years. Many believe that the average price increase will be 5-10% anually. As an investor you should also consider that you’ll gain money on the investment not only by price increases but also by renting out the property. The demand for rental properties is very high and therefore there is good income earning potential. The capital gains and rental incomes will most likely exceed the cost of the money used to finance your investment properties.

3. Borrowing today is better than borrowing tomorrow.

Maximum finance is always achieved when the purpose of the loan is to purchase a property. On the other hand you can choose to do an “Equity Release” at a later stage but the maximum loan amount would be only 60% of the estimated value of the property. The maximum loan amount is therefore achieved by mortgaging the property when making the purchase. Another reason to get the mortgage sooner rather than later is the time period. The older you get the shorter the mortgage period will be. The shorter payback period will also make a larger impact on your budget due to the higher mortgage quotas.

4. Reduced taxes.

When you pass away your children will pay less inheritance tax on mortgaged properties. If you become a tax resident in Spain you’ll benefit from tax reductions in your annual income tax return by having a mortgage.

5. Increase attractiveness when selling the property.

If you chose to sell your property you may offer the buyer the opportunity to take over your mortgage, thus saving important costs, such as the stamp duty of 0,50% and the set up costs which are 1-2% of the mortgage amount.

6. Increase your legal protection.

The bank does a survey of the property to ensure that it acts as suitable collateral for the loan. Even though this survey isn´t the same as the one carried out by the lawyer, it still gives you increased legal protection.

7. Cash flow.

If you choose to take out a mortgage instead of doing a cash purchase you will have an increased cash flow.

To get a great deal today, use our cost free application form