19 Dec 2016 7:39 PM:

Thanks Roy, that's what I thought hence the original question. About a year ago I saw my mortgage lender to borrow £20k on top of the mortgage in uk, I had £400k equity in house and £50k in premium bonds but they would not let me borrow the extra money due to new affordability rules which would not take into account bonds, cash in accounts, pension payments due within months. Stupid rules in my opinion. 

Once again thanks for all the advice given.

Thread: Mortgage or cash ?

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19 Dec 2016 4:53 PM:

Inspectahomespain, thanks for your info. Are the banks likely to grant a mortgage based predominantly on savings than income ?

Thread: Mortgage or cash ?

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18 Dec 2016 1:25 PM:

I'm looking at buying a villa in murcia, circa €300k, I have cash but with the exchange rate down since Brexit I am now paying €30k+ more. 

Im wondering if I could get a non resident mortgage and basically pay the mortgage and wait until sterling rate gets better, I appreciate I could be waiting a while. I'm retired (early), and get a reasonable pension and can provide proof of savings nearly double of mortgage required. Will the banks lending criteria allow a mortgage with savings or has it to be income ? Unfortunately I'm not in Spain to enquire with the banks direct. Any ideas please ?

Thread: Mortgage or cash ?

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04 Sep 2016 12:14 AM:

He's obviously got shares in Tesco !

Thread: Poor Quality Food in Spain and tasteless veg

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03 Sep 2016 6:27 PM:

Have a look at www.thefurniturestore.eu

On FB on a Los Alcazares group a lot of people rate 'Fred the bed ' , he owns the store. Worth a look.

Thread: Furniture Store Recommendations

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