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Spanish mortgages: learn all about it |
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Written by Web Master
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sábado, 12 junio 2004 |
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Lending in Spain is based on the valuation of the property, your residency status, the purpose of buying as well as your income. For urban properties 70% - 80% can be achieved although for
Almost all mortgages are capital repayment and some include an interest only term. Fixed rates do exist but the interest rates are expensive. However, the Spanish mortgage market is constantly improving and the range of mortgage options has grown over the last couple of years.
Majority of Spanish lenders use the index EURIBOR (Euro Interbank Offered Rate) as the reference point for calculation of mortgage interest rates. |