Are mortgages readily available in Spain?
A. Not only is Spain an ideal place for a home or second residence, it may now also be one of the best and easiest places to obtain a mortgage. Spanish banks freely lend to non-resident purchasers. And mortgage rates are generally lower than most European countries, too. Excellent terms are now available making the purchase of a Spanish property much more affordable BB Spanish Properties will provide all the help you need to arrange a mortgage The following is normally required: A photocopy of your last income tax return or last three months salary slips Last three months’ bank statements Or if you are self-employed, accounts for 3 years. Spanish and U.K. banks normally lend up to a maximum of 70% of the property value.
