More and more non nationals are buying a second or main homes and settling in Spain today. New Mortgage Finder can help you find the right Spanish mortgage for your Spanish property or holiday home in Spain. We'll help you through the pitfalls of Spanish property buying process and Spanish Mortgages. Read through our information guide below before contacting us and taking that first step to your own Spanish home. Low cost Spanish Mortgages from 3.25%
When you're buying a new home in Spain with a Spanish Mortgage it's important that you get the right advice and information. At New Mortgage Finder we offer the very best service and choice of Spanish mortgages to allow you to relax and enjoy the buying of your dream Holiday Home in Spain.
Our Spanish Mortgage Advisers will talk to you in plain English and help you choose the euro mortgage that's right for you. contact us
There are many things that you'll need to do and to think about:
Contact New Mortgage Finder Spanish Home Loans and talk to a Mortgage Adviser.
Start looking for a property
You'll need to appoint a Spanish lawyer ("abogado") to deal with the legal side of buying the property. There are major differences between UK and Spanish property law which you need to be aware of before you go ahead. In particular you need to know that, under Spanish law, contracts to buy property can become legally binding very quickly. So it's important to take legal advice before you sign anything
If you're thinking of buying a property which is part of a community development, you need to find out what community fees you will need to pay and how much they are likely to be
Think about what facilities there are in the local area e.g. medical centres, transport links, entertainment and shops
If you want to buy a property that has a view of the sea or countryside, think about whether future developments might spoil the view
Check out properties in the surrounding area to see if they are finished, or when they are due to be completed
Check to see if there is any major work that needs to be done on the property and if so, what it is likely to cost. We strongly recommend that you seek professional advice from a surveyor
Make sure that you spend enough time looking at properties. Do not hurry or be pressurised into making a decision that you may later regret. When you have found a property that you like, visit it at different times of the day to make sure that there are no hidden surprises
YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT. THE STERLING EQUIVALENT OF YOUR LIABILITY UNDER A FOREIGN CURRENCY MORTGAGE MAY BE INCREASED BY EXCHANGE RATE MOVEMENTS. WE REQUIRE THE PROPERTY AND CONTENTS TO BE INSURED, AND LIFE ASSURANCE IS ALSO REQUIRED.
Mortgages are subject to status and satisfactory security. In certain circumstances a life assurance policy may be required. Mortgage loans are not available to anyone under the age of 18. Loans are secured on your home. Written quotations are available from the Society.
New Mortgage Finder is authorised and regulated in the United Kingdom by the Financial Services Authority. The Company provides financial advice relating to non-regulated products