Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

I am buying a new build property in Spain that will not be completed for 18 months. Can I arrange a mortgage in Spain now?

April 26, 2017arrange build buying months mortgage Property Spain

0

Posted

I am buying a new build property in Spain that will not be completed for 18 months. Can I arrange a mortgage in Spain now?

1 Answer

0

Posted

No. Spanish banks will only mortgage funds when the property is completed. By releasing equity in your UK property however, you can pay the stage payments for your Spanish home as required, and then arrange a Spanish mortgage a few months before completion.