Financing the purchase of property in Spain

Mortgages

Mortgages are widely available to foreign buyers in Spain.

We work with a panel of selected banks and brokers to ensure we always have access to the most competitive products and we will be happy to introduce you to their independent services as necessary.

We can establish the latest rates and offers available to you and put you directly in contact with English speaking staff at the Spanish banks. Please contact us for the latest rates and information.

Mortgage Calculator

Complete the information below and press "Calculate" to identify approximate mortgage repayment costs. See "Mortgages" in our "Buying Process" section for a guide to the current interest rate.

Total Mortgage Required
Repayment Period (Years)
Interest Rate

Monthly Repayments

Repayment Mortgage
Interest Only Mortgage

Please note that these results are intended as a guide only.

Buying a property in Euros - what about the exchange rate?

We work closely with the largest independent foreign exchange providers to ensure that you are able to secure the best rates of currency exchange, enjoy free transfers and pay no commission. In addition, we are able to ensure that you are charged no receiving fees at many overseas banks.

Your dealer will guide you through the contract options available to you and help you choose which one is right for you according to your circumstances, currency needs and timing:

1. Spot transaction - When you need to transfer money straight away your Foreign exchange provider will give you the best deal available there and then.
2. Forward transaction - This is the buy now, pay later option and allows you to fix a rate for up to two years and protect yourself against any negative movement in the market. To take advantage, you pay a small deposit up front and the rest at the end of the agreed term meaning you can leave your money in a high interest account until you need it. This option is popular with clients wishing to secure a favourable rate of exchange in advance of their final stage payment due on completion of their property.
3. Limit orders -If you've got time to hold out for a really good rate, your foreign exchange provider will transfer your money as soon as the exchange rate reaches the level you want with a 'limit order'.

Once you have completed on the property your foreign exchange provider can offer you a 'regular overseas transfer plan' allowing you to send money overseas to cover property expenses like utilities or overseas mortgage payments. Again you can benefit from fee free transfers and no commission is charged.

Please Note

The above information is provided as a guide only and may be subject to change. You should consult your professional financial advisors for the latest information.