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Spain forumsSpanish Mortgages - high set up costs?



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Sunday, January 14, 2007

janetw
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Parcela



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We are buying a property at Vinas del Golf (Nr Estepona) due for completion at the end of April this year.

Can anyone recommend a good mortgage broker/bank (that speak English) as the broker we have spoken to so far has quoted very high additional costs/fees.

Has anyone used a UK mortgage lender for a Euro mortgage successfully to save on these seemingly high set up costs?

We would welcome any advice you can give us.

Janet and David Watson



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14 Jan 2007 8:15 PM

Captain007
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Try patrick robinson at marbella mortgages. He certainly knows a thing or two about mortgages.

patrick@marbellamortgages.com

 




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14 Jan 2007 9:08 PM

miket
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Hi Janet,

I met up with Patrick Robinson (Smiley) a couple of times over Christmas in Marbella. He's absolutely genuine and a consumate professional, one of those rare jewels on the Costa Del Sol! He has a wealth of knowledge about the mortgage market and he shares his information freely. You will see his name pop up all over the eyeonspain forums and he deserves much praise from all of us amateurs for his valuable contributions..........Good Luck

Mike


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15 Jan 2007 11:24 AM

EOS Team
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Patrick (AKA Smiley) has an excellent reputation on this forum so would definitely recommend him ourselves.
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15 Jan 2007 11:44 PM

Smiley
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Hi Janet it is impossible to raise a mortgage in the UK on a property located in Spain as the lender cannot secure on it. It is possible to raise finance in Gibraltar for Spanish property purchase but as they have to follow a different legal procdure you alos incur their legal expenses - to be honest invariably the Gib lenders products would not satisfy most people and usually are only a worthwhile consideration if a client wants to set up an offshore company structure.

Rgds


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Smiley - patrick@marbellamortgages.com  www.marbellamortgages.com

 Sarcasm is the lowest form of wit .....but any form of wit is an achievement

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TO ESCAPE CRITICISM DO NOTHING, SAY NOTHING, BE NOTHING!




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15 Jan 2007 11:47 PM

Smiley
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Hi Mike just noticed your post - gosh I have gone red (having met me you know thats bo**ox) nevertheless praise from you  is praise indeed - I remember many moons ago that first e mail you sent me........ promise thats the last time I will mention it. LOve to Nina and Veronica - hope you had a safe trip back.
_______________________

Smiley - patrick@marbellamortgages.com  www.marbellamortgages.com

 Sarcasm is the lowest form of wit .....but any form of wit is an achievement

NO MATTER HOW MUCH MONEY YOU HAVE GOT, IF YOU HAVE NOBODY TO SHARE IT WITH, THEN ITS JUST NUMBERS IN THE BANK.

TO ESCAPE CRITICISM DO NOTHING, SAY NOTHING, BE NOTHING!




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